SEHK:83

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Sino Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 83 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 83's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.5%

83

-2.0%

HK Real Estate

-0.5%

HK Market


1 Year Return

-13.0%

83

-8.1%

HK Real Estate

7.6%

HK Market

Return vs Industry: 83 underperformed the Hong Kong Real Estate industry which returned -8.1% over the past year.

Return vs Market: 83 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

83IndustryMarket
7 Day3.5%-2.0%-0.5%
30 Day5.3%4.9%5.3%
90 Day12.9%-2.0%4.2%
1 Year-7.9%-13.0%-3.2%-8.1%11.9%7.6%
3 Year-13.3%-27.0%-1.4%-13.8%-1.2%-11.4%
5 Year12.8%-12.2%42.6%14.6%29.7%7.9%

Long-Term Price Volatility Vs. Market

How volatile is Sino Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sino Land undervalued compared to its fair value and its price relative to the market?

42.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 83 (HK$10.32) is trading above our estimate of fair value (HK$6.1)

Significantly Below Fair Value: 83 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 83 is poor value based on its PE Ratio (42.3x) compared to the HK Real Estate industry average (8.4x).

PE vs Market: 83 is poor value based on its PE Ratio (42.3x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 83 is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

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


Next Steps

Future Growth

How is Sino Land forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 83's forecast earnings growth (20.2% per year) is above the savings rate (1.6%).

Earnings vs Market: 83's earnings (20.2% per year) are forecast to grow slower than the Hong Kong market (21.9% per year).

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

Revenue vs Market: 83's revenue (13.6% per year) is forecast to grow slower than the Hong Kong market (13.7% per year).

High Growth Revenue: 83's revenue (13.6% per year) is forecast to grow slower than 20% 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 (5.2%).


Next Steps

Past Performance

How has Sino Land performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 83 has a large one-off loss of HK$1.8B impacting its June 30 2020 financial results.

Growing Profit Margin: 83's current net profit margins (28.7%) are lower than last year (86.4%).


Past Earnings Growth Analysis

Earnings Trend: 83's earnings have declined by 8.3% per year over the past 5 years.

Accelerating Growth: 83's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 83 had negative earnings growth (-75.6%) over the past year, making it difficult to compare to the Real Estate industry average (-0.6%).


Return on Equity

High ROE: 83's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Sino Land's financial position?


Financial Position Analysis

Short Term Liabilities: 83's short term assets (HK$80.4B) exceed its short term liabilities (HK$32.3B).

Long Term Liabilities: 83's short term assets (HK$80.4B) exceed its long term liabilities (HK$8.6B).


Debt to Equity History and Analysis

Debt Level: 83's debt to equity ratio (4.2%) is considered satisfactory.

Reducing Debt: 83's debt to equity ratio has reduced from 5.1% to 4.2% over the past 5 years.

Debt Coverage: 83's debt is well covered by operating cash flow (95.8%).

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


Balance Sheet


Next Steps

Dividend

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

5.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 83's dividend (5.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 83's dividend (5.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.58%).


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 high payout ratio (225.4%), 83's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 83's dividends in 3 years are forecast to be covered by earnings (53.8% payout ratio).


Next Steps

Management

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

11.0yrs

Average board tenure


CEO

Robert Ng (68 yo)

no data

Tenure

HK$920,584

Compensation

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: Robert's total compensation ($USD118.77K) is below average for companies of similar size in the Hong Kong market ($USD600.03K).

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


Board Members

NamePositionTenureCompensationOwnership
Chee Siong Ng
Chairman & CEOno dataHK$920.58k2.7%
HK$ 2.0b
Win-Kong Ng
Deputy Chairman3yrsHK$900.03k0.0019%
HK$ 1.4m
Wing Yung Tang
Group CFO & Executive Director0.83yrHK$2.68mno data
Wing Kwong Chan
Executive Director12.83yrsHK$6.45m0.0028%
HK$ 2.1m
Ching Keung Lee
Executive Director7.83yrsHK$8.63mno data
Ronald Joseph Arculli
Non-Executive Director39.83yrsHK$200.00k0.017%
HK$ 12.4m
Allan Zeman
Independent Non-Executive Director16.17yrsHK$380.00kno data
Man-Kiu Li
Independent Non-Executive Director15.58yrsHK$380.00kno data
Kay Eng Ong
Independent Non-Executive Director9.08yrsHK$350.00kno data
Cho Bau Wong
Independent Non-Executive Director5.83yrsHK$200.00kno data

11.0yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 83's board of directors are seasoned and experienced ( 11 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 3.3%.


Top Shareholders

Company Information

Sino Land Company Limited's company bio, 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
  • Market Cap: HK$73.411b
  • Shares outstanding: 7.05b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNLA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
83SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
SNODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
83SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
83SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
SNLA.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJan 1994

Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:35
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.