SEHK:6166

Stock Analysis Report

China VAST Industrial Urban Development

Executive Summary

China VAST Industrial Urban Development Company Limited, an investment holding company, plans, develops, and operates large-scale industrial town projects in the People’s Republic of China.


Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

How has China VAST Industrial Urban Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6166 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.9%

6166

-3.1%

HK Real Estate

-3.3%

HK Market


1 Year Return

-14.7%

6166

-7.5%

HK Real Estate

-9.6%

HK Market

Return vs Industry: 6166 underperformed the Hong Kong Real Estate industry which returned -8.5% over the past year.

Return vs Market: 6166 underperformed the Hong Kong Market which returned -9.8% over the past year.


Shareholder returns

6166IndustryMarket
7 Day1.9%-3.1%-3.3%
30 Day-3.9%-2.2%-3.8%
90 Day-9.6%-0.7%-0.2%
1 Year-11.5%-14.7%-3.3%-7.5%-6.3%-9.6%
3 Year1.1%-14.2%36.9%22.2%11.2%-0.05%
5 Year9.3%-13.9%60.9%33.9%12.7%-6.0%

Price Volatility Vs. Market

How volatile is China VAST Industrial Urban Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China VAST Industrial Urban Development undervalued compared to its fair value and its price relative to the market?

3.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6166 (HK$2.73) is trading above our estimate of fair value (HK$0.16)

Significantly Below Fair Value: 6166 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6166 is good value based on its PE Ratio (3.7x) compared to the Real Estate industry average (6.5x).

PE vs Market: 6166 is good value based on its PE Ratio (3.7x) compared to the Hong Kong market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6166's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6166 is overvalued based on its PB Ratio (0.7x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is China VAST Industrial Urban Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.3%

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 China VAST Industrial Urban 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.


Next Steps

Past Performance

How has China VAST Industrial Urban Development performed over the past 5 years?

18.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6166 has high quality earnings.

Growing Profit Margin: 6166's current net profit margins (35.7%) are higher than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: 6166's earnings have grown by 18.3% per year over the past 5 years.

Accelerating Growth: 6166's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6166 had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the Real Estate industry average (-8%).


Return on Equity

High ROE: 6166's Return on Equity (19.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China VAST Industrial Urban Development's financial position?


Financial Position Analysis

Short Term Liabilities: 6166's short term assets (CN¥11.7B) exceed its short term liabilities (CN¥4.4B).

Long Term Liabilities: 6166's short term assets (CN¥11.7B) exceed its long term liabilities (CN¥5.4B).


Debt to Equity History and Analysis

Debt Level: 6166's debt to equity ratio (130.7%) is considered high.

Reducing Debt: 6166's debt to equity ratio has reduced from 287.7% to 130.7% over the past 5 years.

Debt Coverage: 6166's debt is not well covered by operating cash flow (8.2%).

Interest Coverage: 6166's interest payments on its debt are well covered by EBIT (78.1x coverage).


Balance Sheet

Inventory Level: 6166 has a high level of physical assets or inventory.

Debt Coverage by Assets: 6166's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is China VAST Industrial Urban Development's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.4%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 6166's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 6166's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 6166's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6166's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6166 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 6166'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?

5.9yrs

Average board tenure


CEO

Jianjun Wang (56yo)

6.1yrs

Tenure

CN¥950,000

Compensation

Mr. Jianjun Wang has been the Chairman of China VAST Industrial Urban Development Company Limited since February 13, 2014 and serves as its President. Mr. Wang is responsible for overall strategy, business ...


CEO Compensation Analysis

Compensation vs Market: Jianjun's total compensation ($USD135.43K) is below average for companies of similar size in the Hong Kong market ($USD339.11K).

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


Board Members

NamePositionTenureCompensationOwnership
Jianjun Wang
Chairman & President6.1yrsCN¥950.00kno data
Peikun Huang
CFO & Executive Director5.9yrsCN¥12.11m0.013% CN¥600.4k
Yun Yang
VP & Executive Director5.9yrsCN¥5.43mno data
Yagang Wang
VP & Executive Director5.9yrsCN¥5.43mno data
Wei Wang
Executive Director2.3yrsCN¥1.11mno data
Wing Kuen Wong
Independent Non-Executive Director5.5yrsCN¥263.00kno data
Yijiang Wang
Independent Non-Executive Director2.3yrsCN¥263.00kno data
Ying Zhao
Non-Executive Director6yrsCN¥276.00k73.3% CN¥3.3b
Yafang Hsieh
Independent Non-Executive Director2.3yrsCN¥263.00kno data

5.9yrs

Average Tenure

48yo

Average Age

Experienced Board: 6166's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 6166 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

China VAST Industrial Urban Development Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China VAST Industrial Urban Development Company Limited
  • Ticker: 6166
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$4.508b
  • Shares outstanding: 1.65b
  • Website: https://www.vastiud.com

Number of Employees


Location

  • China VAST Industrial Urban Development Company Limited
  • China VAST Development Building
  • Hongtai East 2nd Avenue
  • Beijing
  • 100102
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6166SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDAug 2014
6166SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDAug 2014

Biography

China VAST Industrial Urban Development Company Limited, an investment holding company, plans, develops, and operates large-scale industrial town projects in the People’s Republic of China. It operates through Industrial Towns Development, Property Development, and Property Leasing segments. The company develops residential, commercial, and industrial projects, including residence, apartment, villa, garden houses, retail stores, and office buildings. It is also involved in the property leasing, infrastructure and project investment, consulting, asset management, and infrastructure maintenance activities, as well as offers Internet information technology services. The company was founded in 1995 and is headquartered in Beijing, the People’s Republic of China. China VAST Industrial Urban Development Company Limited is a subsidiary of Profit East Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 13:11
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.