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Peking University Resources (Holdings)

SEHK:618
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
618
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Peking University Resources (Holdings) Company Limited, together with its subsidiaries, distributes information products, and invests in and develops properties in the People’s Republic of China. The last earnings update was 24 days ago. More info.


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618 Share Price and Events
7 Day Returns
2.5%
SEHK:618
-2.2%
HK Real Estate
-2.5%
HK Market
1 Year Returns
-38.8%
SEHK:618
-10.4%
HK Real Estate
-15.9%
HK Market
618 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Peking University Resources (Holdings) (618) 2.5% -10.9% -18.3% -38.8% -33.8% -66.9%
HK Real Estate -2.2% -6.7% 2.2% -10.4% 55.3% 49.5%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 618 underperformed the Real Estate industry which returned -10.4% over the past year.
  • 618 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
618
Industry
5yr Volatility vs Market

Value

 Is Peking University Resources (Holdings) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Peking University Resources (Holdings) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Peking University Resources (Holdings).

SEHK:618 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:618
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.989 (1 + (1- 25%) (1099.54%))
6.458
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:618 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Peking University Resources (Holdings) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:618 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 15.3%)
2019 6,100.03 Est @ 19.02% 5,290.44
2020 6,948.85 Est @ 13.91% 5,226.75
2021 7,667.46 Est @ 10.34% 5,001.84
2022 8,268.57 Est @ 7.84% 4,678.09
2023 8,772.03 Est @ 6.09% 4,304.25
2024 9,198.62 Est @ 4.86% 3,914.52
2025 9,567.03 Est @ 4.01% 3,530.96
2026 9,892.73 Est @ 3.4% 3,166.59
2027 10,187.93 Est @ 2.98% 2,828.27
2028 10,461.96 Est @ 2.69% 2,518.88
Present value of next 10 years cash flows CN¥40,460.57
SEHK:618 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥10,461.96 × (1 + 2%) ÷ (15.3% – 2%)
CN¥80,236.90
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥80,236.90 ÷ (1 + 15.3%)10
CN¥19,318.26
SEHK:618 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥40,460.57 + CN¥19,318.26
CN¥59,778.84
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥59,778.84 / 6,416.16
CN¥9.32
SEHK:618 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:618)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.32 x 1.135
HK$10.57
Value per share (HKD) From above. HK$10.57
Current discount Discount to share price of HK$0.25
= -1 x (HK$0.25 - HK$10.57) / HK$10.57
97.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Peking University Resources (Holdings) is available for.
Intrinsic value
>50%
Share price is HK$0.25 vs Future cash flow value of HK$10.57
Current Discount Checks
For Peking University Resources (Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Peking University Resources (Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Peking University Resources (Holdings)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Peking University Resources (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Peking University Resources (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:618 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.11
SEHK:618 Share Price ** SEHK (2019-05-17) in HKD HK$0.25
SEHK:618 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.22
Hong Kong Real Estate Industry PE Ratio Median Figure of 186 Publicly-Listed Real Estate Companies 6.29x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Peking University Resources (Holdings).

SEHK:618 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:618 Share Price ÷ EPS (both in CNY)

= 0.22 ÷ 0.11

1.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Peking University Resources (Holdings) is good value based on earnings compared to the HK Real Estate industry average.
  • Peking University Resources (Holdings) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Peking University Resources (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:618 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.28x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Peking University Resources (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Peking University Resources (Holdings)'s assets?
Raw Data
SEHK:618 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.42
SEHK:618 Share Price * SEHK (2019-05-17) in HKD HK$0.25
SEHK:618 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.22
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.58x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:618 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:618 Share Price ÷ Book Value per Share (both in CNY)

= 0.22 ÷ 0.42

0.52x

* Primary Listing of Peking University Resources (Holdings).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Peking University Resources (Holdings) is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Peking University Resources (Holdings)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Peking University Resources (Holdings) has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Peking University Resources (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Peking University Resources (Holdings) 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.4%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Peking University Resources (Holdings) expected to grow at an attractive rate?
  • Unable to compare Peking University Resources (Holdings)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Peking University Resources (Holdings)'s earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Peking University Resources (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:618 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:618 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:618 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:618 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 24,912 5,141 716
2018-09-30 21,438 5,801 593
2018-06-30 17,964 6,460 470
2018-03-31 17,105 5,202 402
2017-12-31 16,247 3,945 333
2017-09-30 14,312 -300 24
2017-06-30 12,318 -4,550 -287
2017-03-31 12,706 -3,659 -263
2016-12-31 13,217 -2,759 -236
2016-09-30 11,748 -2,332 -292
2016-06-30 10,220 -2,633 -342
2016-03-31 8,209 -3,122 -265

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Peking University Resources (Holdings) is high growth as no earnings estimate data is available.
  • Unable to determine if Peking University Resources (Holdings) is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:618 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Peking University Resources (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:618 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:618 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.11
2018-09-30 0.09
2018-06-30 0.08
2018-03-31 0.07
2017-12-31 0.06
2017-09-30 0.00
2017-06-30 -0.05
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.05
2016-06-30 -0.06
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Peking University Resources (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Peking University Resources (Holdings) is trading at Peking University Resources (Holdings)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Peking University Resources (Holdings)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Peking University Resources (Holdings)'s competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Peking University Resources (Holdings)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Peking University Resources (Holdings) has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Peking University Resources (Holdings) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Peking University Resources (Holdings)'s growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Peking University Resources (Holdings) has delivered over 20% year on year earnings growth in the past 5 years.
  • Peking University Resources (Holdings)'s 1-year earnings growth exceeds its 5-year average (114.8% vs 45.4%)
  • Peking University Resources (Holdings)'s earnings growth has exceeded the HK Real Estate industry average in the past year (114.8% vs 6.9%).
Earnings and Revenue History
Peking University Resources (Holdings)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Peking University Resources (Holdings) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:618 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 24,911.87 716.31 968.21
2018-09-30 21,437.90 593.35 917.47
2018-06-30 17,963.93 470.38 866.72
2018-03-31 17,105.27 401.92 835.02
2017-12-31 16,246.61 333.45 803.33
2017-09-30 14,311.92 23.64 755.85
2017-06-30 12,317.66 -287.34 705.28
2017-03-31 12,705.85 -262.88 692.43
2016-12-31 13,216.61 -235.99 685.94
2016-09-30 11,747.92 -291.56 682.13
2016-06-30 10,220.05 -342.47 674.72
2016-03-31 8,209.49 -265.19 648.92
2015-12-31 6,537.90 -199.12 646.96
2015-09-30 5,942.28 -30.50 631.34
2015-06-30 5,346.83 130.62 613.59
2015-03-31 5,166.52 -20.76 587.54
2014-12-31 4,988.81 -172.16 561.79
2014-09-30 4,167.28 -120.90 440.38
2014-06-30 3,454.88 -72.72 330.38
2014-03-31 2,938.93 -12.37 251.73
2013-12-31 2,364.36 46.67 168.99
2013-09-30 2,219.34 56.04 151.44
2013-06-30 2,055.21 65.12 132.49
2013-03-31 2,129.65 23.01 133.81
2012-12-31 2,190.89 -19.91 134.25
2012-09-30 2,787.86 -26.74 150.04
2012-06-30 3,402.54 -33.77 166.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Peking University Resources (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Peking University Resources (Holdings) used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • Peking University Resources (Holdings) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Peking University Resources (Holdings)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Peking University Resources (Holdings) has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Peking University Resources (Holdings)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Peking University Resources (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Peking University Resources (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Peking University Resources (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Peking University Resources (Holdings)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Peking University Resources (Holdings) Company Filings, last reported 4 months ago.

SEHK:618 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,004.69 15,231.99 4,772.27
2018-09-30 3,004.69 15,231.99 4,772.27
2018-06-30 2,581.14 18,800.74 2,334.14
2018-03-31 2,581.14 18,800.74 2,334.14
2017-12-31 2,225.51 20,250.16 4,352.51
2017-09-30 2,225.51 20,250.16 4,352.51
2017-06-30 1,783.50 23,310.35 1,623.96
2017-03-31 1,819.49 23,780.69 1,656.73
2016-12-31 1,686.08 22,469.43 2,423.83
2016-09-30 1,623.96 21,641.52 2,334.52
2016-06-30 2,225.99 19,707.08 2,367.38
2016-03-31 2,161.74 19,138.25 2,299.04
2015-12-31 2,064.78 18,950.72 1,988.41
2015-09-30 2,021.63 18,554.65 1,946.86
2015-06-30 2,726.71 17,714.57 1,188.37
2015-03-31 2,726.04 17,710.18 1,188.07
2014-12-31 2,099.66 19,701.86 3,720.19
2014-09-30 2,075.21 19,472.42 3,676.87
2014-06-30 1,151.12 2,329.77 398.51
2014-03-31 1,149.81 2,327.12 398.06
2013-12-31 1,196.17 1,363.07 638.21
2013-09-30 1,209.25 1,377.97 645.18
2013-06-30 996.03 558.41 310.72
2013-03-31 1,007.08 564.60 314.17
2012-12-31 257.33 211.27 234.83
2012-09-30 259.45 213.01 236.76
2012-06-30 246.27 168.24 197.01
  • Peking University Resources (Holdings)'s level of debt (506.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (114.9% vs 506.9% today).
  • Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.3x coverage).
X
Financial health checks
We assess Peking University Resources (Holdings)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Peking University Resources (Holdings) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Peking University Resources (Holdings)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.14%
Current annual income from Peking University Resources (Holdings) dividends.
If you bought HK$2,000 of Peking University Resources (Holdings) shares you are expected to receive HK$143 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Peking University Resources (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Peking University Resources (Holdings)'s dividend is above the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Peking University Resources (Holdings) before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:618 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:618 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:618 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-17 0.015 7.143

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Peking University Resources (Holdings) has stable dividend payments.
  • Peking University Resources (Holdings) only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Peking University Resources (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Peking University Resources (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Peking University Resources (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Peking University Resources (Holdings) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Peking University Resources (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Peking University Resources (Holdings) has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Peking University Resources (Holdings) management team in years:

5.7
Average Tenure
49.5
Average Age
  • The average tenure for the Peking University Resources (Holdings) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shuen Lung Cheung

TITLE
Founder & Chairman
AGE
62

Gang Zeng

TITLE
President & Executive Director
AGE
48
TENURE
2.8 yrs

Fu Shuang Zheng

TITLE
Executive Director
AGE
52

Min Sun

TITLE
Executive Director
AGE
41

Wei Zou

TITLE
Chief Technology Officer
COMPENSATION
CN¥305K
AGE
54

Eva Cheang

TITLE
Group Financial Controller & Company Secretary
AGE
43

Hang Liao

TITLE
Executive Director
AGE
39

Jian Ma

TITLE
Executive Director
AGE
42

Wenqiang Luo

TITLE
President of Foshan Peking University Resources Property Co.
AGE
57
TENURE
5.7 yrs

Ding Xia

TITLE
President of Chongqing Peking University Resources Investment Co.
AGE
51
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Peking University Resources (Holdings) board of directors in years:

2.9
Average Tenure
48
Average Age
  • The average tenure for the Peking University Resources (Holdings) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Shuen Lung Cheung

TITLE
Founder & Chairman
AGE
62
TENURE
3.6 yrs

Gang Zeng

TITLE
President & Executive Director
AGE
48
TENURE
2.8 yrs

Fu Shuang Zheng

TITLE
Executive Director
AGE
52
TENURE
12.7 yrs

Min Sun

TITLE
Executive Director
AGE
41
TENURE
2.9 yrs

Hang Liao

TITLE
Executive Director
AGE
39
TENURE
2.2 yrs

Jian Ma

TITLE
Executive Director
AGE
42
TENURE
1.1 yrs

Fat Li

TITLE
Independent Non Executive Director
COMPENSATION
CN¥126K
AGE
57
TENURE
14.7 yrs

Lam Kit Yee Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥126K
AGE
54
TENURE
14.7 yrs

Lewis Chan

TITLE
Independent Non-Executive Director
AGE
45
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
11. Apr 19 Sell Rongtong Fund Management Co., Ltd. Company 09. Apr 19 09. Apr 19 -1,000,000 HK$0.28 HK$-279,998
X
Management checks
We assess Peking University Resources (Holdings)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Peking University Resources (Holdings) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Peking University Resources (Holdings) Company Limited (HKG:618): The Best Of Both Worlds

Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Is Peking University Resources (Holdings) Company Limited (HKG:618) A Smart Pick For Income Investors?

Recently, Peking University Resources (Holdings) Company Limited (HKG:618) has started paying dividends to shareholders. … Let's dig deeper into whether Peking University Resources (Holdings) should have a place in your portfolio. … Check out our latest analysis for Peking University Resources (Holdings)

Simply Wall St -

Did You Manage To Avoid Peking University Resources (Holdings)'s Painful 70% Share Price Drop?

Peking University Resources (Holdings) Company Limited (HKG:618) shareholders should be happy to see the share price up 30% in the last quarter. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over five years Peking University Resources (Holdings) improved its earnings per share from a loss-making position.

Simply Wall St -

Is Peking University Resources (Holdings) Company Limited’s (HKG:618) 23% ROCE Any Good?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Peking University Resources (Holdings) Company Limited (HKG:618) Can Impact Your Portfolio Volatility

In finance, Beta is a measure of volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Peking University Resources (Holdings) Company Limited (HKG:618): Why Return On Capital Employed Is Important

and want to better understand how you can grow your money by investing in Peking University Resources (Holdings) Company Limited (HKG:618). … Peking University Resources (Holdings) stock represents an ownership share in the company. … Therefore, looking at how efficiently Peking University Resources (Holdings) is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Peking University Resources (Holdings) Company Limited's (HKG:618) PE Ratio A Signal To Buy For Investors?

and want to better understand how you can grow your money by investing in Peking University Resources (Holdings) Company Limited (HKG:618). … Peking University Resources (Holdings) Company Limited (HKG:618) is currently trading at a trailing P/E of 4.9x, which is lower than the industry average of 11x. … While 618 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

June Top Undervalued Companies

Peking University Resources (Holdings) and Easy Repay Finance & Investment are two of the stocks I have identified as undervalued. … Peking University Resources (Holdings) Company Limited (SEHK:618) Peking University Resources (Holdings) Company Limited, together with its subsidiaries, distributes information products, and invests in and develops properties in the People’s Republic of China. … In addition to this, 8079’s PE ratio stands at 4.62x compared to its Consumer Finance peer level of, 7.82x indicating that relative to its peers, you can purchase 8079’s stock for a lower price right now.

Simply Wall St -

How Peking University Resources (Holdings) Company Limited (HKG:618) Delivered A Better ROE Than Its Industry

See our latest analysis for Peking University Resources (Holdings) What you must know about ROE Return on Equity (ROE) weighs Peking University Resources (Holdings)’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Peking University Resources (Holdings), which is 18.12%. … This means Peking University Resources (Holdings) returns enough to cover its own cost of equity, with a buffer of 4.60%.

Simply Wall St -

Should You Be Holding Peking University Resources (Holdings) Company Limited (HKG:618) Right Now?

Peking University Resources (Holdings)'s beta of 0.59 indicates that the stock value will be less variable compared to the whole stock market. … 618’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … However, this is the opposite to what 618’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Company Info

Description

Peking University Resources (Holdings) Company Limited, together with its subsidiaries, distributes information products, and invests in and develops properties in the People’s Republic of China. The company primarily distributes servers, printers, switches, networking products, storage devices, workstations, optical screen products, video conference hosts, conference controllers, codec, UPS power supply products, and notebook computer of various manufacturers, such as HP, H3C, CommScope, Brocade, Microsoft, Corning, Avaya, Eaton, Apple, IBM, Netgear, SGi, and DELL. It also acts as a distribution channel for the products of other IT companies, such as LifeSize, BARCO, Fujitsu, Samsung, Uniview, Librestream, Ruckus, and Impinj. In addition, the company leases and subleases, and sells properties. The company was formerly known as EC-Founder (Holdings) Company Limited and changed its name to Peking University Resources (Holdings) Company Limited in December 2013. Peking University Resources (Holdings) Company Limited is headquartered in Tsuen Wan, Hong Kong. Peking University Resources (Holdings) Company Limited is a subsidiary of Founder Information (Hong Kong) Limited.

Details
Name: Peking University Resources (Holdings) Company Limited
618
Exchange: SEHK
Founded:
HK$1,571,958,133
6,416,155,647
Website: http://www.pku-resources.com
Address: Peking University Resources (Holdings) Company Limited
Cable TV Tower,
14th Floor,
Tsuen Wan,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 618 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 24. Mar 1992
DB MKU Ordinary Shares Deutsche Boerse AG DE EUR 24. Mar 1992
Number of employees
Current staff
Staff numbers
1,458
Peking University Resources (Holdings) employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 12:36
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2018/03/26
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.