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Sino Land

SEHK:83
Snowflake Description

High growth potential with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
83
SEHK
HK$91B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. The last earnings update was 103 days ago. More info.


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83 Share Price and Events
7 Day Returns
0%
SEHK:83
1.1%
HK Real Estate
-0.2%
HK Market
1 Year Returns
3.9%
SEHK:83
2.8%
HK Real Estate
-6.6%
HK Market
83 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sino Land (83) 0% 2% -10.7% 3.9% 5.3% 1.5%
HK Real Estate 1.1% 3.5% -5.2% 2.8% 53.9% 49.8%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 83 outperformed the Real Estate industry which returned 2.8% over the past year.
  • 83 outperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
83
Industry
5yr Volatility vs Market

Value

 Is Sino Land 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 Sino Land 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 Sino Land.

SEHK:83 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
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:83
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 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.028 (1 + (1- 25%) (6.28%))
1.051
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.051 * 6.65%)
8.99%

Discounted Cash Flow Calculation for SEHK:83 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sino Land 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:83 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.99%)
2019 8,886.25 Analyst x4 8,153.14
2020 6,917.75 Analyst x4 5,823.42
2021 12,346.48 Analyst x5 9,535.93
2022 17,294.90 Est @ 40.08% 12,255.88
2023 22,251.03 Est @ 28.66% 14,467.15
2024 26,848.21 Est @ 20.66% 16,016.03
2025 30,892.43 Est @ 15.06% 16,908.23
2026 34,335.45 Est @ 11.15% 17,242.31
2027 37,220.49 Est @ 8.4% 17,149.11
2028 39,633.37 Est @ 6.48% 16,754.33
Present value of next 10 years cash flows HK$134,305.53
SEHK:83 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$39,633.37 × (1 + 2%) ÷ (8.99% – 2%)
HK$578,466.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$578,466.22 ÷ (1 + 8.99%)10
HK$244,536.67
SEHK:83 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$134,305.53 + HK$244,536.67
HK$378,842.21
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$378,842.21 / 6,816.99
HK$55.57
SEHK:83 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$55.57
Current discount Discount to share price of HK$13.20
= -1 x (HK$13.20 - HK$55.57) / HK$55.57
76.2%

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

Current Discount
Amount off the current price Sino Land is available for.
Intrinsic value
>50%
Share price is HK$13.2 vs Future cash flow value of HK$55.57
Current Discount Checks
For Sino Land to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sino Land's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sino Land'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 Sino Land's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sino Land's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:83 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$1.03
SEHK:83 Share Price ** SEHK (2019-06-26) in HKD HK$13.2
Hong Kong Real Estate Industry PE Ratio Median Figure of 188 Publicly-Listed Real Estate Companies 6.35x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

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

** Primary Listing of Sino Land.

SEHK:83 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:83 Share Price ÷ EPS (both in HKD)

= 13.2 ÷ 1.03

12.82x

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

  • Sino Land is overvalued based on earnings compared to the HK Real Estate industry average.
  • Sino Land is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Sino Land's expected growth come at a high price?
Raw Data
SEHK:83 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
33%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 60 Publicly-Listed Real Estate Companies 0.27x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:83 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.82x ÷ 33%

0.39x

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

  • Sino Land is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sino Land's assets?
Raw Data
SEHK:83 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$20.95
SEHK:83 Share Price * SEHK (2019-06-26) in HKD HK$13.2
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.56x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:83 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:83 Share Price ÷ Book Value per Share (both in HKD)

= 13.2 ÷ 20.95

0.63x

* Primary Listing of Sino Land.

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

  • Sino Land is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Sino Land'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. Sino Land has a total score of 3/6, 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 Sino Land expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

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
33%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sino Land expected to grow at an attractive rate?
  • Sino Land's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Sino Land's earnings growth is expected to exceed the Hong Kong market average.
  • Sino Land's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:83 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:83 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 33%
SEHK:83 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 62.4%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:83 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:83 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 27,329 15,725 9,914 11
2020-06-30 9,756 8,813 5,168 12
2019-06-30 8,449 11,496 4,865 10
SEHK:83 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 11,400 -3,260 6,760
2018-09-30 11,065 -5,568 10,378
2018-06-30 10,730 -7,876 13,996
2018-03-31 11,064 -4,496 14,169
2017-12-31 11,398 -1,115 14,341
2017-09-30 14,866 1,877 10,878
2017-06-30 18,334 4,870 7,415
2017-03-31 17,263 4,088 7,031
2016-12-31 16,191 3,306 6,646
2016-09-30 13,497 6,024 6,868
2016-06-30 10,804 8,743 7,090
2016-03-31 16,425 9,966 8,307

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sino Land's earnings are expected to grow significantly at over 20% yearly.
  • Sino Land's revenue is expected to grow significantly at over 20% yearly.
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:83 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Sino Land Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:83 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 1.56 1.92 1.18 10.00
2020-06-30 0.81 1.05 0.51 12.00
2019-06-30 0.76 0.91 0.66 12.00
SEHK:83 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 1.03
2018-09-30 1.60
2018-06-30 2.18
2018-03-31 2.23
2017-12-31 2.27
2017-09-30 1.73
2017-06-30 1.19
2017-03-31 1.14
2016-12-31 1.08
2016-09-30 1.12
2016-06-30 1.16
2016-03-31 1.36

*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.
  • Sino Land is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sino Land'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.
Sino Land has a total score of 5/6, 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 Sino Land 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 Sino Land'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.
  • Sino Land's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Sino Land's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sino Land's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.
Earnings and Revenue History
Sino Land'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 Sino Land Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:83 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,400.08 6,760.02 955.41
2018-09-30 11,065.16 10,377.99 896.68
2018-06-30 10,730.23 13,995.95 837.95
2018-03-31 11,063.89 14,168.52 723.79
2017-12-31 11,397.54 14,341.10 609.62
2017-09-30 14,865.71 10,877.89 704.05
2017-06-30 18,333.87 7,414.67 798.48
2017-03-31 17,262.54 7,030.52 909.82
2016-12-31 16,191.21 6,646.36 1,021.16
2016-09-30 13,497.45 6,868.40 999.20
2016-06-30 10,803.69 7,090.44 977.24
2016-03-31 16,425.07 8,306.65 942.94
2015-12-31 22,046.45 9,522.87 908.64
2015-09-30 21,942.48 9,447.43 807.20
2015-06-30 21,838.52 9,371.99 705.77
2015-03-31 16,116.84 8,512.83 706.71
2014-12-31 10,395.16 7,653.67 707.66
2014-09-30 8,923.03 8,287.58 696.70
2014-06-30 7,450.91 8,921.48 685.74
2014-03-31 6,131.92 8,746.20 674.99
2013-12-31 4,812.93 8,570.92 664.24
2013-09-30 6,315.76 10,129.02 663.63
2013-06-30 7,818.59 11,687.13 663.02
2013-03-31 7,891.69 12,929.94 653.59
2012-12-31 7,964.80 14,172.75 644.15
2012-09-30 8,180.31 12,422.65 646.86
2012-06-30 8,395.82 10,672.55 649.58

*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.
  • Sino Land has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sino Land used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • Sino Land's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sino Land'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.
Sino Land has a total score of 2/6, 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 Sino Land'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 Sino Land's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sino Land is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sino Land's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sino Land'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 10.1x 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 Sino Land Company Filings, last reported 5 months ago.

SEHK:83 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 142,468.70 5,706.64 26,531.36
2018-09-30 142,468.70 5,706.64 26,531.36
2018-06-30 140,442.12 2,386.77 21,969.87
2018-03-31 140,442.12 2,386.77 21,969.87
2017-12-31 138,850.91 2,673.44 21,709.70
2017-09-30 138,850.91 2,673.44 21,709.70
2017-06-30 129,325.07 5,930.96 31,226.69
2017-03-31 129,325.07 5,930.96 31,226.69
2016-12-31 125,228.21 5,835.66 26,421.32
2016-09-30 125,228.21 5,835.66 26,421.32
2016-06-30 122,674.22 4,458.97 26,904.25
2016-03-31 122,674.22 4,458.97 26,904.25
2015-12-31 120,210.62 4,567.75 23,698.74
2015-09-30 120,210.62 4,567.75 23,698.74
2015-06-30 119,025.58 6,064.09 19,514.63
2015-03-31 119,025.58 6,064.09 19,514.63
2014-12-31 113,818.82 7,192.63 15,409.05
2014-09-30 113,818.82 7,192.63 15,409.05
2014-06-30 112,949.44 8,069.12 14,554.22
2014-03-31 112,949.44 8,069.12 14,554.22
2013-12-31 109,464.02 12,923.05 10,975.98
2013-09-30 109,464.02 12,923.05 10,975.98
2013-06-30 105,985.14 11,918.98 12,046.16
2013-03-31 105,985.14 11,918.98 12,046.16
2012-12-31 102,717.84 13,334.39 8,910.30
2012-09-30 102,717.84 13,334.39 8,910.30
2012-06-30 95,608.18 11,561.85 5,613.29
  • Sino Land's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (11.8% vs 4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Sino Land earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sino Land'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. Sino Land has a total score of 5/6, 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 Sino Land'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
4.09%
Current annual income from Sino Land dividends. Estimated to be 4.36% next year.
If you bought HK$2,000 of Sino Land shares you are expected to receive HK$82 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?
  • Sino Land's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Sino Land's dividend is below the markets top 25% of dividend payers in Hong Kong (5.89%).
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:83 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 14 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 966 Stocks 3.7%
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 5.9%

Industry and Market average data is calculated daily.

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

SEHK:83 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.61 12.00
2020-06-30 0.57 15.00
2019-06-30 0.56 14.00
SEHK:83 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.540 3.918
2018-11-07 0.530 3.837
2018-02-28 0.530 4.044
2017-08-24 0.530 3.822
2017-02-22 0.510 3.860
2016-08-24 0.510 4.036
2015-08-26 0.500 4.246
2014-09-18 0.500 3.971
2014-08-27 0.500 3.685
2014-03-20 0.500 4.054
2013-09-18 0.500 4.659
2013-08-28 0.500 4.652
2013-03-21 0.480 4.153
2012-08-29 0.460 3.298
2012-02-28 0.450 3.609
2011-09-01 0.409 3.731
2011-02-25 0.364 3.111
2010-09-03 0.364 2.574
2010-02-25 0.364 2.823
2009-09-09 0.364 2.768
2008-10-10 0.364 4.597
2008-09-17 0.364 4.508

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sino Land's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Sino Land'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 Sino Land afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sino Land has a total score of 5/6, 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 Sino Land'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.
CEO
Robert Ng
COMPENSATION HK$1,284,887
AGE 66
CEO Bio

Mr. Ng Chee Siong, also known as Robert, has been an Advisor to China on Hong Kong affairs since 1992. Mr. Ng has been actively engaged in property investment and development in Hong Kong during the last 29 years. Mr. Ng is a Businessman and Entrepreneur by occupation and he has been involved in real estate and property development in Hong Kong since 1981. He has been Executive Chairman of Tsim Sha Tsui Properties Limited since 1991. He has been an Executive Chairman of Sino Hotels (Holdings) Limited since 1994. He has been the Chairman of Sino Land Company Limited, the subsidiary company of Tsim Sha Tsui Properties Ltd. since January 2, 1991. He also serves as Chairman of Sino Hotels (Holdings) Limited (“Sino Hotels“). He served as the Chairman of Yeo Hiap Seng Ltd. from June 15, 1995 to July 1, 2003. He is a Founding Member of the Court of Hong Kong University of Science & Technology. He serves as an Executive Director at Sino Hotels. He has been an Executive Director of Tsim Sha Tsui Properties Limited since 1978. He was Independent Non-Executive Director of DBS Bank (Hong Kong) Limited since October 27, 2010 until June 29, 2018. He has been a Director of Temasek Holdings (Private) Limited since June 10, 2014. He has been an Executive Director for Sino Land Co. Ltd. since 1981. Mr. Ng served as Non-independent Non Executive Director of The Hongkong and Shanghai Hotels, Limited from 1987 to 2012. He served as a Non-Executive Director of Scmp Group Ltd. from May 24, 2004 to May 28, 2007. He served as a Director of Yeo Hiap Seng Ltd. since June 15, 1995 and served as its Non-independent Non-executive Director since April 28, 2004 until April 2006. Mr. Ng serves as Member of Council and The Real Estate Developers Association of Hong Kong. He serves as Council Member & Member of Executive Committee of Hong Kong Management Association, Main Committee Member of the Hong Kong/Japan Business Co-operation Committee and Vice-Chairman of Executive Committee, The Real Estate Developers Association of Hong Kong and a voting member of the Royal Hong Kong Jockey Club. He is a Member of the 11th National Committee of the Chinese People's Political Consultative Conference. He was called to the English Bar in 1975. Mr. Ng was educated in the United Kingdom where he graduated as a Barrister from Middle Temple.

CEO Compensation
  • Robert's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Robert's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Robert Ng

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
66

Ringo Chan

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
58

Sunny Yeung

TITLE
Executive Director
COMPENSATION
HK$8M
AGE
63

Gordon Lee

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
57

Velencia Lee

TITLE
CFO & Company Secretary
AGE
52
TENURE
7.3 yrs

Steven Mak

TITLE
General Manager of Corporate Finance Department
Board of Directors Tenure

Average tenure and age of the Sino Land board of directors in years:

9.5
Average Tenure
61.5
Average Age
  • The tenure for the Sino Land board of directors is about average.
Board of Directors

Daryl Ng

TITLE
Deputy Chairman
COMPENSATION
HK$2M
AGE
40
TENURE
1.6 yrs

Robert Ng

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
66
TENURE
28.4 yrs

Ringo Chan

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
58
TENURE
11.4 yrs

Sunny Yeung

TITLE
Executive Director
COMPENSATION
HK$8M
AGE
63
TENURE
2.6 yrs

Gordon Lee

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
57
TENURE
6.4 yrs

Adrian David Li

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
44
TENURE
14.2 yrs

Steven Ong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
72
TENURE
7.7 yrs

Ronald Joseph Arculli

TITLE
Non-Executive Director
COMPENSATION
HK$170K
AGE
79
TENURE
38.4 yrs

Allan Zeman

TITLE
Independent Non-Executive Director
COMPENSATION
HK$310K
AGE
70
TENURE
14.8 yrs

Cho Bau Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$170K
AGE
60
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sino Land individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
15. Apr 19 Buy Estate of Ng Teng Fong Company 10. Apr 19 10. Apr 19 36,037,492 HK$14.52 HK$523,408,564
15. Apr 19 Buy Win-Kong Ng Individual 10. Apr 19 10. Apr 19 1,210 HK$14.52 HK$17,574
15. Apr 19 Buy Chee Siong Ng Individual 10. Apr 19 10. Apr 19 246,307 HK$14.52 HK$3,577,363
28. Nov 18 Buy Far East Ventures Pte Ltd. Company 23. Nov 18 23. Nov 18 134,172 HK$12.34 HK$1,656,219
28. Nov 18 Buy Estate of Ng Teng Fong Company 23. Nov 18 23. Nov 18 119,620,521 HK$12.34 HK$1,476,595,569
28. Nov 18 Buy Western Properties Pte Ltd. Company 23. Nov 18 23. Nov 18 300,580 HK$12.34 HK$3,710,359
28. Nov 18 Buy Win-Kong Ng Individual 23. Nov 18 23. Nov 18 3,940 HK$12.34 HK$48,635
28. Nov 18 Buy Chee Siong Ng Individual 23. Nov 18 23. Nov 18 153,956 HK$12.34 HK$1,900,433
X
Management checks
We assess Sino Land'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. Sino Land 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

Should You Investigate Sino Land Company Limited (HKG:83) At HK$12.80?

Another thing to keep in mind is that Sino Land’s share price is quite stable relative to the rest of the market, as indicated by its low beta. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Is Sino Land Company Limited's (HKG:83) CEO Salary Justified?

According to our data, Sino Land Company Limited has a market capitalization of HK$85b, and pays its CEO total annual compensation worth HK$1.3m. … Sino Land Company Limited has served shareholders reasonably well, with a total return of 20% over three years. … It looks like Sino Land Company Limited pays its CEO less than the average at large companies.

Simply Wall St -

A Look At Sino Land Company Limited's (HKG:83) Exceptional Fundamentals

I've been keeping an eye on Sino Land Company Limited (HKG:83) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe 83 has a lot to offer. … company with a

Simply Wall St -

Does Sino Land Company Limited's (HKG:83) Stock Price Account For Its Growth?

Sino Land Company Limited (HKG:83) is considered a high growth stock. … However its last closing price of HK$14.06 left investors wondering whether this growth has already been factored into the share price. … Sino Land's growth potential is very attractive

Simply Wall St -

Is Sino Land Company Limited (HKG:83) An Attractive Dividend Stock?

Today we'll take a closer look at Sino Land Company Limited (HKG:83) from a dividend investor's perspective. … In this case, Sino Land likely looks attractive to investors, given its 3.7% dividend yield and a payment history of over ten years. … There are a few simple ways to reduce the risks of buying Sino Land for its dividend, and we'll go through these below.

Simply Wall St -

What Kind Of Investor Owns Most Of Sino Land Company Limited (HKG:83)?

If you want to know who really controls Sino Land Company Limited (HKG:83), then you'll have to look at the makeup of its share registry. … Sino Land is a pretty big company. … Check out our latest analysis for Sino Land

Simply Wall St -

Have Insiders Been Buying Sino Land Company Limited (HKG:83) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Sino Land Company Limited (HKG:83). … The Last 12 Months Of Insider Transactions At Sino Land. … In the last twelve months there was more buying than selling by Sino Land insiders

Simply Wall St -

Sino Land Company Limited (HKG:83): Ex-Dividend Is In 2 Days

On the 23 April 2019, Sino Land Company Limited (HKG:83) will be paying shareholders an upcoming dividend amount of HK$0.14 per share. … Below, I will explain how holding Sino Land can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Did Sino Land's Share Price Deserve to Gain 36%?

Unfortunately for shareholders, while the Sino Land Company Limited (HKG:83) share price is up 36% in the last three years, that falls short of the market return. … 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. … Sino Land was able to grow its EPS at 12% per year over three years, sending the share price higher.

Simply Wall St -

Is Sino Land Company Limited's (HKG:83) Liquidity Good Enough?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Sino Land Company Limited (HKG:83). … With a market valuation of HK$98b, 83 is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.

Simply Wall St -

Company Info

Description

Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates in six divisions: Property Sales, Property Rental, Property Management and Other Services, Hotel Operations, Investments in Securities, and Financing. The company’s property portfolio includes office/retail buildings, industrial buildings, car parks, hotels, and residential buildings. It also provides cleaning, building construction and management, financing, notes issue, administration, security, mortgage loan financing, secretarial, management, project management, share investment, living, consultancy, and deposit placing services, as well as operates hotels. As of June 30, 2018, the company had a land bank of approximately 21.9 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore, and Sydney. The company was incorporated in 1971 and is headquartered in Tsim Sha Tsui, Hong Kong. Sino Land Company Limited is a subsidiary of Tsim Sha Tsui Properties Limited.

Details
Name: Sino Land Company Limited
83
Exchange: SEHK
Founded: 1971
HK$90,938,660,593
6,816,991,049
Website: http://www.sino.com/en-US/About-Us/Management-Profile/Sino-Land-Company-Limited
Address: Sino Land Company Limited
Tsim Sha Tsui Centre,
12th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 83 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK SNLA.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB SNO Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
SHSC 83 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 83 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
OTCPK SNLA.Y SPONSORED ADR Pink Sheets LLC US USD 13. Jan 1994
Number of employees
Current staff
Staff numbers
7,050
Sino Land employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:39
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.