Ganglong China Property Group (SEHK:6968) - Share price, News & Analysis

6968 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

6968 Stock Overview

Ganglong China Property Group Limited, an investment holding company, engages in the development of real estate projects in the People’s Republic of China.

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Profit margins (4.6%) are lower than last year (23%)

Ganglong China Property Group Competitors

Redco Properties Group

SEHK:1622

HK$6.4b

Zensun Enterprises

SEHK:185

HK$4.1b

Dexin China Holdings

SEHK:2019

HK$5.4b

KWG Group Holdings

SEHK:1813

HK$4.6b

Price History & Performance

Summary of all time highs, changes and price drops for Ganglong China Property Group
Historical stock prices
Current Share Price	HK$4.13
52 Week High	HK$5.31
52 Week Low	HK$3.83
Beta	-0.081
1 Month Change	-5.92%
3 Month Change	-5.92%
1 Year Change	-10.99%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	5.36%

Shareholder Returns

	6968	HK Real Estate	HK Market
7D	-2.8%	-1.5%	0.3%
1Y	-11.0%	-36.4%	-21.6%

Return vs Industry: 6968 exceeded the Hong Kong Real Estate industry which returned -36.4% over the past year.

Return vs Market: 6968 exceeded the Hong Kong Market which returned -21.6% over the past year.

Price Volatility

Is 6968's price volatile compared to industry and market?
6968 volatility
6968 Average Weekly Movement	5.6%
Real Estate Industry Average Movement	5.8%
Market Average Movement	6.5%
10% most volatile stocks in HK Market	12.7%
10% least volatile stocks in HK Market	3.2%

Stable Share Price: 6968 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: 6968's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	1,180	Jianqing Xie	https://www.glchina.group

Ganglong China Property Group Limited, an investment holding company, engages in the development of real estate projects in the People’s Republic of China. The company focuses on the development and sale of properties for residential use mixed with accompanying ancillary facilities, such as retail units, car parks, and ancillary areas. It also develops and holds various retail units.

Ganglong China Property Group Fundamentals Summary

How do Ganglong China Property Group's earnings and revenue compare to its market cap?
6968 fundamental statistics
Market Cap	CN¥5.78b
Earnings (TTM)	CN¥480.94m
Revenue (TTM)	CN¥10.37b

12.0x

P/E Ratio

0.6x

P/S Ratio

Is 6968 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
6968 income statement (TTM)
Revenue	CN¥10.37b
Cost of Revenue	CN¥7.97b
Gross Profit	CN¥2.40b
Other Expenses	CN¥1.92b
Earnings	CN¥480.94m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.30
Gross Margin	23.15%
Net Profit Margin	4.64%
Debt/Equity Ratio	126.5%

How did 6968 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 6968 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6968?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 6968. This is calculated by dividing 6968's market cap by their current preferred multiple.
What is 6968's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥5.78b

6968 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	2.3x
Enterprise Value/EBITDA	18.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 6968's PE Ratio compare to its peers?

6968 PE Ratio vs Peers

The above table shows the PE ratio for 6968 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	5.4x
1622 Redco Properties Group	6.3x	n/a	HK$6.4b
185 Zensun Enterprises	8.8x	n/a	HK$4.1b
2019 Dexin China Holdings	4.9x	13.1%	HK$5.4b
1813 KWG Group Holdings	1.7x	13.3%	HK$4.6b
6968 Ganglong China Property Group	12x	n/a	HK$6.7b

Price-To-Earnings vs Peers: 6968 is expensive based on its Price-To-Earnings Ratio (12x) compared to the peer average (5.4x).

Price to Earnings Ratio vs Industry

How does 6968's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 6968 is expensive based on its Price-To-Earnings Ratio (12x) compared to the Hong Kong Real Estate industry average (5.7x)

Price to Earnings Ratio vs Fair Ratio

What is 6968's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

6968 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6968's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 6968 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 6968's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 6968's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Ganglong China Property Group 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

9.2%

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 Ganglong China Property 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.

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Take a look at our analysis of 6968’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
Ganglong China Property Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ganglong China Property Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

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

19.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6968 has a high level of non-cash earnings.

Growing Profit Margin: 6968's current net profit margins (4.6%) are lower than last year (23%).

Past Earnings Growth Analysis

Earnings Trend: 6968's earnings have grown by 19.6% per year over the past 5 years.

Accelerating Growth: 6968's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6968 had negative earnings growth (-49.9%) over the past year, making it difficult to compare to the Real Estate industry average (15.4%).

Return on Equity

High ROE: 6968's Return on Equity (10.7%) is considered low.

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Financial Health

How is Ganglong China Property Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6968's short term assets (CN¥53.7B) exceed its short term liabilities (CN¥38.8B).

Long Term Liabilities: 6968's short term assets (CN¥53.7B) exceed its long term liabilities (CN¥7.0B).

Debt to Equity History and Analysis

Debt Level: 6968's net debt to equity ratio (104.1%) is considered high.

Reducing Debt: Insufficient data to determine if 6968's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6968's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6968's interest payments on its debt are well covered by EBIT (5.7x coverage).

Balance Sheet

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Dividend

What is Ganglong China Property Group 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
Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6968's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6968'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 6968's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6968's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 6968 is not paying a notable dividend for the Hong Kong market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 6968 has not reported any payouts.

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Management

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

CEO

Jianqing Xie (60 yo)

no data

Tenure

Mr. Jianqing Xie is Executive President of Ganglong China Property Group Limited. He joined our Group in August 2007. He is responsible for overseeing our administration and human resources management func...

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	2022/08/15 00:00
End of Day Share Price	2022/08/15 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31