SEHK:813

Stock Analysis Report

Shimao Property Holdings

Executive Summary

Shimao Property Holdings Limited, an investment holding company, engages in the property development and investment activities in the People’s Republic of China.

Snowflake

Fundamentals

High growth potential, good value and pays a dividend.

Share Price & News

How has Shimao Property Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

813

-2.9%

HK Real Estate

-2.7%

HK Market


1 Year Return

7.9%

813

-8.5%

HK Real Estate

-9.4%

HK Market

813 outperformed the Real Estate industry which returned -6.5% over the past year.

813 outperformed the Market in Hong Kong which returned -7.5% over the past year.


Share holder returns

813IndustryMarket
7 Day0.8%-2.9%-2.7%
30 Day8.2%-2.4%1.8%
90 Day0.4%-10.9%-5.6%
1 Year14.1%7.9%-4.6%-8.5%-6.2%-9.4%
3 Year146.4%109.9%29.1%15.5%14.3%2.7%
5 Year99.6%46.7%53.8%27.6%16.7%-2.8%

Price Volatility Vs. Market

How volatile is Shimao Property Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Shimao Property Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Shimao Property Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Shimao Property Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Shimao Property Holdings is overvalued based on earnings compared to the HK Real Estate industry average.

Shimao Property Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Shimao Property Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Shimao Property Holdings is overvalued based on assets compared to the HK Real Estate industry average.


Next Steps

Future Growth

How is Shimao Property Holdings expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

21.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Shimao Property Holdings's revenue is expected to grow significantly at over 20% yearly.

Shimao Property Holdings's earnings are expected to grow significantly at over 20% yearly.

Shimao Property Holdings's revenue growth is expected to exceed the Hong Kong market average.

Shimao Property Holdings's earnings growth is expected to exceed the Hong Kong market average.

Shimao Property Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Shimao Property Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Shimao Property Holdings performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Shimao Property Holdings's year on year earnings growth rate has been positive over the past 5 years.

Shimao Property Holdings's 1-year earnings growth exceeds its 5-year average (17.5% vs 4.2%)

Shimao Property Holdings's earnings growth has exceeded the HK Real Estate industry average in the past year (17.5% vs -12.4%).


Return on Equity

Shimao Property Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Shimao Property Holdings used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Shimao Property Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Shimao Property Holdings's financial position?


Financial Position Analysis

Shimao Property Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Shimao Property Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Shimao Property Holdings's level of debt (103.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (105.9% vs 103.8% today).

Debt is not well covered by operating cash flow (1.9%, less than 20% of total debt).

Shimao Property Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.8x debt.


Next Steps

Dividend

What is Shimao Property Holdings's current dividend yield, its reliability and sustainability?

7.38%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Shimao Property Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.21%).

Shimao Property Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.19%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).


Next Steps

Management

What is the CEO of Shimao Property Holdings's salary, the management and board of directors tenure and is there insider trading?

13.3yrs

Average board tenure


CEO

Wing Mau Hui (68yo)

0yrs

Tenure

CN¥6,158,000

Compensation

Mr. Wing Mau Hui founded Shimao Property Holdings Ltd. and serves as its Chief Executive Officer. Mr. Hui serves as an Honorary Professor of the Tong Ji University in Shanghai. Mr. Hui serves as Honorary C ...


CEO Compensation Analysis

Wing Mau's remuneration is about average for companies of similar size in Hong Kong.

Wing Mau's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

13.3yrs

Average Tenure

57yo

Average Age

The average tenure for the Shimao Property Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Katherine Lam (52yo)

    Company Secretary

    • Tenure: 0yrs
  • Jason Hui (42yo)

    Vice Chairman & President

    • Tenure: 11.4yrs
    • Compensation: CN¥8.93m
  • Ringo Yau (56yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Wing Mau Hui (68yo)

    Chairman & Chief Executive

    • Tenure: 0yrs
    • Compensation: CN¥6.16m
  • Fei Tang (48yo)

    VP & Executive Director

    • Tenure: 6.6yrs
    • Compensation: CN¥5.24m
  • Tammy Tam

    Corporate Finance & Investor Relations

    • Tenure: 0yrs
  • Shao Liang

    Assistant President & Head of Marketing Management Center

    • Tenure: 0yrs

Board Members

  • Jason Hui (42yo)

    Vice Chairman & President

    • Tenure: 11.4yrs
    • Compensation: CN¥8.93m
  • Hongbing Lu (53yo)

    Independent Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: CN¥317.00k
  • Wing Mau Hui (68yo)

    Chairman & Chief Executive

    • Tenure: 0yrs
    • Compensation: CN¥6.16m
  • Alice Kan (64yo)

    Independent Non-Executive Director

    • Tenure: 13.5yrs
    • Compensation: CN¥317.00k
  • Sai Fei Liu (57yo)

    Non-Executive Director

    • Tenure: 9.6yrs
    • Compensation: CN¥3.20m
  • Jacob Lam (58yo)

    Independent Non-Executive Director

    • Tenure: 13.3yrs
    • Compensation: CN¥317.00k
  • Fei Tang (48yo)

    VP & Executive Director

    • Tenure: 6.6yrs
    • Compensation: CN¥5.24m

Company Information

Shimao Property Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shimao Property Holdings Limited
  • Ticker: 813
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$76.779b
  • Shares outstanding: 3.29b
  • Website: https://www.shimaoproperty.com

Number of Employees


Location

  • Shimao Property Holdings Limited
  • Lippo Centre
  • Tower One, 38th Floor
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
813SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2006
QHIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2006
SIOP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2006
813SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2006
813SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2006
SHMA.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDAug 2012

Biography

Shimao Property Holdings Limited, an investment holding company, engages in the property development and investment activities in the People’s Republic of China. The company develops residential, commercia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 12:43
End of Day Share Price2019/09/20 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.