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688

China Overseas Land & InvestmentSEHK:688 Stock Report

Market Cap

HK$203.8b

7D

7.6%

1Y

-5.1%

Updated

24 Oct, 2021

Data

Company Financials +
688 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends5/6

688 Overview

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations.

China Overseas Land & Investment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Overseas Land & Investment
Historical stock prices
Current Share PriceHK$18.62
52 Week HighHK$14.92
52 Week LowHK$21.95
Beta0.51
1 Month Change9.14%
3 Month Change3.22%
1 Year Change-5.10%
3 Year Change-22.42%
5 Year Change-22.74%
Change since IPO1,116.99%

Recent News & Updates

Aug 25
China Overseas Land & Investment's (HKG:688) Dividend Will Be HK$0.45

China Overseas Land & Investment's (HKG:688) Dividend Will Be HK$0.45

The board of China Overseas Land & Investment Limited ( HKG:688 ) has announced that it will pay a dividend of HK$0.45...

Aug 24
China Overseas Land & Investment (HKG:688) Has A Somewhat Strained Balance Sheet

China Overseas Land & Investment (HKG:688) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 03
Is China Overseas Land & Investment Limited (HKG:688) A Great Dividend Stock?

Is China Overseas Land & Investment Limited (HKG:688) A Great Dividend Stock?

Dividend paying stocks like China Overseas Land & Investment Limited ( HKG:688 ) tend to be popular with investors, and...

Shareholder Returns

688HK Real EstateHK Market
7D7.6%4.3%2.2%
1Y-5.1%-7.3%6.0%

Return vs Industry: 688 exceeded the Hong Kong Real Estate industry which returned -7.3% over the past year.

Return vs Market: 688 underperformed the Hong Kong Market which returned 6% over the past year.

Price Volatility

Is 688's price volatile compared to industry and market?
688 volatility
688 Beta0.51
Industry Beta0.85
Market Beta1

Stable Share Price: 688 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 688's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19795,916ZhiChao Zhanghttps://www.coli.com.hk

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations. It operates through Property Development, Property Investment, and Other Operations segments. The company is involved in the investment, development, and rental of residential and commercial properties; issuance of guaranteed notes; property consultancy and real estate agency; and loan financing, security investment, and hotel management activities.

China Overseas Land & Investment Fundamentals Summary

How do China Overseas Land & Investment's earnings and revenue compare to its market cap?
688 fundamental statistics
Market CapCN¥167.39b
Earnings (TTM)CN¥44.16b
Revenue (TTM)CN¥205.04b

3.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
688 income statement (TTM)
RevenueCN¥205.04b
Cost of RevenueCN¥145.55b
Gross ProfitCN¥59.50b
ExpensesCN¥15.34b
EarningsCN¥44.16b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.03
Gross Margin29.02%
Net Profit Margin21.54%
Debt/Equity Ratio71.6%

How did 688 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is China Overseas Land & Investment 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: 688 (HK$18.62) is trading below our estimate of fair value (HK$71.19)

Significantly Below Fair Value: 688 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 688 is good value based on its PE Ratio (3.8x) compared to the Hong Kong Real Estate industry average (7.7x).

PE vs Market: 688 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 688 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 688's PB Ratio (0.5x) is in line with the HK Real Estate industry average.


Future Growth

How is China Overseas Land & Investment forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 688's forecast earnings growth (6.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 688's earnings (6.6% per year) are forecast to grow slower than the Hong Kong market (17.7% per year).

High Growth Earnings: 688's earnings are forecast to grow, but not significantly.

Revenue vs Market: 688's revenue (10.1% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).

High Growth Revenue: 688's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 688's Return on Equity is forecast to be low in 3 years time (12.1%).


Past Performance

How has China Overseas Land & Investment performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 688 has high quality earnings.

Growing Profit Margin: 688's current net profit margins (21.5%) are lower than last year (23.7%).


Past Earnings Growth Analysis

Earnings Trend: 688's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: 688's earnings growth over the past year (8.2%) exceeds its 5-year average (7% per year).

Earnings vs Industry: 688 earnings growth over the past year (8.2%) underperformed the Real Estate industry 23.4%.


Return on Equity

High ROE: 688's Return on Equity (13.7%) is considered low.


Financial Health

How is China Overseas Land & Investment's financial position?


Financial Position Analysis

Short Term Liabilities: 688's short term assets (CN¥661.9B) exceed its short term liabilities (CN¥312.1B).

Long Term Liabilities: 688's short term assets (CN¥661.9B) exceed its long term liabilities (CN¥205.0B).


Debt to Equity History and Analysis

Debt Level: 688's debt to equity ratio (71.6%) is considered high.

Reducing Debt: 688's debt to equity ratio has increased from 53.1% to 71.6% over the past 5 years.

Debt Coverage: 688's debt is not well covered by operating cash flow (2.5%).

Interest Coverage: 688 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is China Overseas Land & Investment current dividend yield, its reliability and sustainability?

6.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 688's dividend (6.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).

High Dividend: 688's dividend (6.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: 688's dividends per share have been stable in the past 10 years.

Growing Dividend: 688's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), 688's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 688's dividends in 3 years are forecast to be well covered by earnings (31% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

ZhiChao Zhang (42 yo)

1.67yrs

Tenure

CN¥9,976,000

Compensation

Mr. ZhiChao Zhang serves as Chief Executive Officer and Executive Director at China Overseas Land & Investment Limited since February 11, 2020. Mr. Zhang serves as an Assistant President at China Overseas...


CEO Compensation Analysis

Compensation vs Market: ZhiChao's total compensation ($USD1.56M) is above average for companies of similar size in the Hong Kong market ($USD1.05M).

Compensation vs Earnings: Insufficient data to compare ZhiChao's compensation with company performance.


Leadership Team

Experienced Management: 688's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: 688's board of directors are considered experienced (3.3 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

China Overseas Land & Investment Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China Overseas Land & Investment Limited
  • Ticker: 688
  • Exchange: SEHK
  • Founded: 1979
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$203.792b
  • Shares outstanding: 10.94b
  • Website: https://www.coli.com.hk

Number of Employees


Location

  • China Overseas Land & Investment Limited
  • Three Pacific Place
  • 10th 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 Analysis2021/10/24 10:08
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.