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6989

Excellence Commercial Property & Facilities Management Group SEHK:6989 Stock Report

Last Price

HK$3.79

Market Cap

HK$4.6b

7D

1.1%

1Y

-57.3%

Updated

26 Jun, 2022

Data

Company Financials +
6989 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance5/6
Financial Health5/6
Dividends4/6

6989 Stock Overview

Excellence Commercial Property & Facilities Management Group Limited provides commercial property management services in China.

Excellence Commercial Property & Facilities Management Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Excellence Commercial Property & Facilities Management Group
Historical stock prices
Current Share PriceHK$3.79
52 Week HighHK$8.90
52 Week LowHK$2.70
Beta0
1 Month Change2.71%
3 Month Change1.07%
1 Year Change-57.27%
3 Year Changen/a
5 Year Changen/a
Change since IPO-65.55%

Recent News & Updates

May 11
Excellence Commercial Property & Facilities Management Group (HKG:6989) Is Increasing Its Dividend To HK$0.17

Excellence Commercial Property & Facilities Management Group (HKG:6989) Is Increasing Its Dividend To HK$0.17

The board of Excellence Commercial Property & Facilities Management Group Limited ( HKG:6989 ) has announced that the...

Shareholder Returns

6989HK Real EstateHK Market
7D1.1%4.3%2.1%
1Y-57.3%-34.5%-23.3%

Return vs Industry: 6989 underperformed the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 6989 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 6989's price volatile compared to industry and market?
6989 volatility
6989 Average Weekly Movement8.3%
Real Estate Industry Average Movement6.3%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 6989 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 6989's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199912,277Guo Yinghttps://www.excepm.com

Excellence Commercial Property & Facilities Management Group Limited provides commercial property management services in China. It operates through three segments: Property Management Services, Finance Services, and Other Services. The Property Management Services segment offers property management services or system supply and installation services to property developers, property owners, and tenants, as well as value-added services to such customers, including asset services, which comprise preliminary property consulting, property leasing and sales agency, asset-light property and space operation, and corporate services.

Excellence Commercial Property & Facilities Management Group Fundamentals Summary

How do Excellence Commercial Property & Facilities Management Group's earnings and revenue compare to its market cap?
6989 fundamental statistics
Market CapCN¥3.94b
Earnings (TTM)CN¥510.09m
Revenue (TTM)CN¥3.47b

7.7x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6989 income statement (TTM)
RevenueCN¥3.47b
Cost of RevenueCN¥2.51b
Gross ProfitCN¥959.63m
Other ExpensesCN¥449.54m
EarningsCN¥510.09m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin27.68%
Net Profit Margin14.71%
Debt/Equity Ratio2.2%

How did 6989 perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

71%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6989 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6989?

Other financial metrics that can be useful for relative valuation.

6989 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/Revenue0.3x
Enterprise Value/EBITDA1.2x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 6989's PE Ratio compare to its peers?

6989 PE Ratio vs Peers
The above table shows the PE ratio for 6989 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18x

Price-To-Earnings vs Peers: 6989 is good value based on its Price-To-Earnings Ratio (7.7x) compared to the peer average (18x).


Price to Earnings Ratio vs Industry

How does 6989's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Earnings vs Industry: 6989 is expensive based on its Price-To-Earnings Ratio (7.7x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 6989'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.

6989 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.7x
Fair PE Ratio6.6x

Price-To-Earnings vs Fair Ratio: 6989 is expensive based on its Price-To-Earnings Ratio (7.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.6x).


Share Price vs Fair Value

What is the Fair Price of 6989 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6989 (HK$3.79) is trading below our estimate of fair value (HK$42.93)

Significantly Below Fair Value: 6989 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 6989 is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Excellence Commercial Property & Facilities Management Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


28.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6989's forecast earnings growth (28.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 6989's earnings (28.6% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 6989's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6989's revenue (24% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 6989's revenue (24% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6989's Return on Equity is forecast to be high in 3 years time (29.3%)


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Past Performance

How has Excellence Commercial Property & Facilities Management Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6989 has high quality earnings.

Growing Profit Margin: 6989's current net profit margins (14.7%) are higher than last year (12.9%).


Past Earnings Growth Analysis

Earnings Trend: 6989's earnings have grown significantly by 33.5% per year over the past 5 years.

Accelerating Growth: 6989's earnings growth over the past year (57%) exceeds its 5-year average (33.5% per year).

Earnings vs Industry: 6989 earnings growth over the past year (57%) exceeded the Real Estate industry 13.4%.


Return on Equity

High ROE: 6989's Return on Equity (15.8%) is considered low.


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Financial Health

How is Excellence Commercial Property & Facilities Management Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6989's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥1.5B).

Long Term Liabilities: 6989's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥132.2M).


Debt to Equity History and Analysis

Debt Level: 6989 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 6989's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6989's debt is well covered by operating cash flow (1080.1%).

Interest Coverage: 6989 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Excellence Commercial Property & Facilities Management Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6989's dividend (8.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 6989's dividend (8.77%) is in the top 25% of dividend payers in the Hong Kong market (7.89%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 6989's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 6989's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70.9%), 6989's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (43.6%), 6989's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Guo Ying (53 yo)

no data

Tenure

Ms. Guo Ying serves as executive Director at Excellence Commercial Property & Facilities Management Group Limited since May 22, 2020 and is primarily responsible for implementing the strategies and daily o...


Leadership Team

Experienced Management: 6989's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 6989's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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

Excellence Commercial Property & Facilities Management Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Excellence Commercial Property & Facilities Management Group Limited
  • Ticker: 6989
  • Exchange: SEHK
  • Founded: 1999
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$4.625b
  • Shares outstanding: 1.22b
  • Website: https://www.excepm.com

Number of Employees


Location

  • Excellence Commercial Property & Facilities Management Group Limited
  • Tower 4, Excellence Century Center
  • 38Ath Floor
  • Shenzhen
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.