company background image
83

Sino LandSEHK:83 Stock Report

Last Price

HK$9.69

Market Cap

HK$73.8b

7D

-1.3%

1Y

-9.1%

Updated

17 Jan, 2022

Data

Company Financials +
83 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends5/6

83 Stock Overview

Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties.

Sino Land Competitors

Tsim Sha Tsui Properties

SEHK:247

HK$46.9b

Hon Kwok Land Investment Company

SEHK:160

HK$2.0b

Chinney Investments

SEHK:216

HK$915.3m

New World Development

SEHK:17

HK$77.0b

Price History & Performance

Summary of all time highs, changes and price drops for Sino Land
Historical stock prices
Current Share PriceHK$9.69
52 Week HighHK$12.98
52 Week LowHK$9.22
Beta0.69
1 Month Change2.98%
3 Month Change-10.44%
1 Year Change-9.10%
3 Year Change-31.28%
5 Year Change-24.30%
Change since IPO290.83%

Recent News & Updates

Oct 06
Does Sino Land (HKG:83) Have A Healthy Balance Sheet?

Does Sino Land (HKG:83) Have A Healthy Balance Sheet?

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

Sep 18
Estimating The Fair Value Of Sino Land Company Limited (HKG:83)

Estimating The Fair Value Of Sino Land Company Limited (HKG:83)

In this article we are going to estimate the intrinsic value of Sino Land Company Limited ( HKG:83 ) by taking the...

Shareholder Returns

83HK Real EstateHK Market
7D-1.3%-4.1%1.0%
1Y-9.1%-28.7%-15.6%

Return vs Industry: 83 exceeded the Hong Kong Real Estate industry which returned -22.4% over the past year.

Return vs Market: 83 exceeded the Hong Kong Market which returned -11.9% over the past year.

Price Volatility

Is 83's price volatile compared to industry and market?
83 volatility
83 Average Weekly Movement2.7%
Real Estate Industry Average Movement5.6%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.3%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 83 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 83's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19717,000Robert Nghttps://www.sino.com

Sino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates through six segments: Property Sales, Property Rental, Property Management and Other Services, Hotel Operations, Investments in Securities, and Financing. The company’s property portfolio includes office, industrial, and residential buildings, as well as shopping malls, car parks, and hotels.

Sino Land Fundamentals Summary

How do Sino Land's earnings and revenue compare to its market cap?
83 fundamental statistics
Market CapHK$73.79b
Earnings (TTM)HK$9.65b
Revenue (TTM)HK$24.55b

7.6x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
83 income statement (TTM)
RevenueHK$24.55b
Cost of RevenueHK$11.01b
Gross ProfitHK$13.53b
ExpensesHK$3.89b
EarningsHK$9.65b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.27
Gross Margin55.14%
Net Profit Margin39.30%
Debt/Equity Ratio5.0%

How did 83 perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is Sino Land 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: 83 (HK$9.69) is trading below our estimate of fair value (HK$24.19)

Significantly Below Fair Value: 83 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 83 is poor value based on its PE Ratio (7.6x) compared to the Hong Kong Real Estate industry average (6.7x).

PE vs Market: 83 is good value based on its PE Ratio (7.6x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 83's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 83's PB Ratio (0.5x) is in line with the HK Real Estate industry average.


Future Growth

How is Sino Land forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

-9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 83's earnings are forecast to decline over the next 3 years (-9% per year).

Earnings vs Market: 83's earnings are forecast to decline over the next 3 years (-9% per year).

High Growth Earnings: 83's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 83's revenue is expected to decline over the next 3 years (-12.2% per year).

High Growth Revenue: 83's revenue is forecast to decline over the next 3 years (-12.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 83's Return on Equity is forecast to be low in 3 years time (4.3%).


Past Performance

How has Sino Land performed over the past 5 years?

-16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 83 has high quality earnings.

Growing Profit Margin: 83's current net profit margins (39.3%) are higher than last year (28.7%).


Past Earnings Growth Analysis

Earnings Trend: 83's earnings have declined by 16% per year over the past 5 years.

Accelerating Growth: 83's earnings growth over the past year (471.4%) exceeds its 5-year average (-16% per year).

Earnings vs Industry: 83 earnings growth over the past year (471.4%) exceeded the Real Estate industry 21.7%.


Return on Equity

High ROE: 83's Return on Equity (6.7%) is considered low.


Financial Health

How is Sino Land's financial position?


Financial Position Analysis

Short Term Liabilities: 83's short term assets (HK$74.8B) exceed its short term liabilities (HK$18.0B).

Long Term Liabilities: 83's short term assets (HK$74.8B) exceed its long term liabilities (HK$6.9B).


Debt to Equity History and Analysis

Debt Level: 83 has more cash than its total debt.

Reducing Debt: 83's debt to equity ratio has increased from 3.6% to 5% over the past 5 years.

Debt Coverage: 83's debt is well covered by operating cash flow (28.1%).

Interest Coverage: 83 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Sino Land current dividend yield, its reliability and sustainability?

5.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 83's dividend (5.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).

High Dividend: 83's dividend (5.68%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).


Stability and Growth of Payments

Stable Dividend: 83's dividends per share have been stable in the past 10 years.

Growing Dividend: 83's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.2%), 83's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 83's dividends in 3 years are forecast to be covered by earnings (58% payout ratio).


Next Steps

Management

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

15.4yrs

Average board tenure


CEO

Robert Ng (69 yo)

no data

Tenure

Mr. Chee Siong Ng, 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. He is a Business...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Robert's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 83's board of directors are seasoned and experienced ( 15.4 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 been diluted in the past year, with total shares outstanding growing by 3.9%.


Top Shareholders

Company Information

Sino Land Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sino Land Company Limited
  • Ticker: 83
  • Exchange: SEHK
  • Founded: 1971
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$73.791b
  • Shares outstanding: 7.62b
  • Website: https://www.sino.com

Number of Employees


Location

  • Sino Land Company Limited
  • Tsim Sha Tsui Centre
  • 12th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:15
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.