Sino Land
- Home ›
- HK ›
- Real Estate
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.
Add to Portfolio Compare Print
83 Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Sino Land.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Sino Land's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Sino Land's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Sino Land Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Sino Land's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Sino Land Company Filings, last reported 5 months ago.
| 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.
Financial health checks
We assess Sino Land's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Sino Land has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
HK$2,000 of
Sino Land
shares you are expected to receive
HK$82
in your first year as a dividend.
Dividend Amount
- Sino Land's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
- Sino Land's dividend is below the markets top 25% of dividend payers in Hong Kong (5.89%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 143 Stocks | 4% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 966 Stocks | 3.7% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (2x coverage).
Income/ dividend checks
We assess Sino Land's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
Chairman & CEO
HK$1M
66
Ringo Chan
Executive Director
HK$6M
58
Sunny Yeung
Executive Director
HK$8M
63
Gordon Lee
Executive Director
HK$7M
57
Velencia Lee
CFO & Company Secretary
52
7.3 yrs
Steven Mak
General Manager of Corporate Finance Department
Board of Directors Tenure
Average tenure and age of the Sino Land board of directors in years:
- The tenure for the Sino Land board of directors is about average.
Board of Directors
Daryl Ng
Deputy Chairman
HK$2M
40
1.6 yrs
Robert Ng
Chairman & CEO
HK$1M
66
28.4 yrs
Ringo Chan
Executive Director
HK$6M
58
11.4 yrs
Sunny Yeung
Executive Director
HK$8M
63
2.6 yrs
Gordon Lee
Executive Director
HK$7M
57
6.4 yrs
Adrian David Li
Independent Non-Executive Director
HK$310K
44
14.2 yrs
Steven Ong
Independent Non-Executive Director
HK$300K
72
7.7 yrs
Ronald Joseph Arculli
Non-Executive Director
HK$170K
79
38.4 yrs
Allan Zeman
Independent Non-Executive Director
HK$310K
70
14.8 yrs
Cho Bau Wong
Independent Non-Executive Director
HK$170K
60
4.4 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Sino Land individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | 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 | ||
Management checks
We assess Sino Land's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleA 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleHave 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 - – Full articleSino 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 - – Full articleDid 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 - – Full articleIs 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 - – Full articleCompany 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
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.
