832 Stock Overview
Central China Real Estate Limited, an investment holding company, engages in the property development activities in the People’s Republic of China.
Central China Real Estate Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.33|
|52 Week High||HK$1.52|
|52 Week Low||HK$0.33|
|1 Month Change||-36.54%|
|3 Month Change||-54.80%|
|1 Year Change||-77.85%|
|3 Year Change||-90.18%|
|5 Year Change||-90.68%|
|Change since IPO||-87.64%|
Recent News & Updates
Central China Real Estate (HKG:832) Has Debt But No Earnings; Should You Worry?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|832||HK Real Estate||HK Market|
Return vs Industry: 832 underperformed the Hong Kong Real Estate industry which returned -33.3% over the past year.
Return vs Market: 832 underperformed the Hong Kong Market which returned -25.9% over the past year.
|832 Average Weekly Movement||7.9%|
|Real Estate Industry Average Movement||5.9%|
|Market Average Movement||6.4%|
|10% most volatile stocks in HK Market||12.5%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 832 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 832's weekly volatility (8%) has been stable over the past year.
About the Company
Central China Real Estate Limited, an investment holding company, engages in the property development activities in the People’s Republic of China. The company develops residential and commercial properties; leases properties; and operates hotel. It also provides project management services.
Central China Real Estate Fundamentals Summary
|832 fundamental statistics|
Is 832 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|832 income statement (TTM)|
|Cost of Revenue||CN¥27.64b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.88|
|Net Profit Margin||-19.82%|
How did 832 perform over the long term?See historical performance and comparison
Is 832 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 832?
Other financial metrics that can be useful for relative valuation.
|What is 832's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 832's PS Ratio compare to its peers?
|832 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
655 Hongkong Chinese
6158 Zhenro Properties Group
672 Zhong An Group
169 Wanda Hotel Development
832 Central China Real Estate
Price-To-Sales vs Peers: 832 is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (4x).
Price to Earnings Ratio vs Industry
How does 832's PE Ratio compare vs other companies in the HK Real Estate Industry?
Price-To-Sales vs Industry: 832 is good value based on its Price-To-Sales Ratio (0x) compared to the Hong Kong Real Estate industry average (0.9x)
Price to Sales Ratio vs Fair Ratio
What is 832's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.03x|
|Fair PS Ratio||0.2x|
Price-To-Sales vs Fair Ratio: 832 is good value based on its Price-To-Sales Ratio (0x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).
Share Price vs Fair Value
What is the Fair Price of 832 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 832 (HK$0.33) is trading below our estimate of fair value (HK$8.33)
Significantly Below Fair Value: 832 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Central China Real Estate forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 832 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 832 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 832 is expected to become profitable in the next 3 years.
Revenue vs Market: 832's revenue (7.1% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).
High Growth Revenue: 832's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 832's Return on Equity is forecast to be low in 3 years time (7.2%).
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How has Central China Real Estate performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 832 is currently unprofitable.
Growing Profit Margin: 832 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 832 is unprofitable, and losses have increased over the past 5 years at a rate of 24.4% per year.
Accelerating Growth: Unable to compare 832's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 832 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-10.4%).
Return on Equity
High ROE: 832 has a negative Return on Equity (-93.52%), as it is currently unprofitable.
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How is Central China Real Estate's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 832's short term assets (CN¥123.8B) exceed its short term liabilities (CN¥123.4B).
Long Term Liabilities: 832's short term assets (CN¥123.8B) exceed its long term liabilities (CN¥16.3B).
Debt to Equity History and Analysis
Debt Level: 832's net debt to equity ratio (309.7%) is considered high.
Reducing Debt: 832's debt to equity ratio has increased from 199.6% to 422.1% over the past 5 years.
Debt Coverage: 832's debt is not well covered by operating cash flow (6%).
Interest Coverage: Insufficient data to determine if 832's interest payments on its debt are well covered by EBIT.
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What is Central China Real Estate current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Central China Real Estate Dividend Yield vs Market|
|Company (Central China Real Estate)||0%|
|Market Bottom 25% (HK)||3.0%|
|Market Top 25% (HK)||8.8%|
|Industry Average (Real Estate)||6.0%|
|Analyst forecast in 3 Years (Central China Real Estate)||7.1%|
Notable Dividend: Unable to evaluate 832's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 832's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 832's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 832's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 832 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 832 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mingyao Yang (44 yo)
Mr. Mingyao Yang is Chief Executive Officer of Central China Real Estate Limited from February 14, 2022. He has experience in real estate sector. He joined the Group in August 2003 and has since then held...
Experienced Management: 832's management team is considered experienced (3 years average tenure).
Experienced Board: 832's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 832 insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
|16 Sep 22||BuyHK$180,001||Vinh Mai||Individual||500,000||HK$0.36|
|05 Aug 22||SellHK$648,261,792||Po Sum Wu||Individual||885,000,000||HK$0.73|
|13 May 22||BuyHK$60,000||Vinh Mai||Individual||100,000||HK$0.60|
|11 May 22||BuyHK$62,000||Vinh Mai||Individual||100,000||HK$0.62|
|25 Apr 22||BuyHK$132,001||Vinh Mai||Individual||200,000||HK$0.66|
|22 Apr 22||BuyHK$212,010||Vinh Mai||Individual||300,000||HK$0.71|
|10 Jan 22||BuyHK$44,500||Vinh Mai||Individual||50,000||HK$0.89|
|06 Jan 22||BuyHK$43,000||Vinh Mai||Individual||50,000||HK$0.86|
|20 Dec 21||BuyHK$84,000||Vinh Mai||Individual||100,000||HK$0.84|
|14 Dec 21||BuyHK$272,010||Vinh Mai||Individual||300,000||HK$0.91|
|13 Dec 21||BuyHK$97,000||Vinh Mai||Individual||100,000||HK$0.97|
|10 Dec 21||BuyHK$399,999||Vinh Mai||Individual||400,000||HK$1.00|
|22 Nov 21||BuyHK$222,000||Vinh Mai||Individual||200,000||HK$1.11|
|10 Nov 21||BuyHK$104,000||Vinh Mai||Individual||100,000||HK$1.04|
|09 Nov 21||BuyHK$194,500||Vinh Mai||Individual||200,000||HK$0.97|
|28 Oct 21||BuyHK$452,001||Po Sum Wu||Individual||400,000||HK$1.13|
|27 Oct 21||BuyHK$592,001||Vinh Mai||Individual||500,000||HK$1.18|
|26 Oct 21||BuyHK$240,000||Vinh Mai||Individual||200,000||HK$1.20|
|18 Oct 21||BuyHK$615,001||Vinh Mai||Individual||500,000||HK$1.23|
|15 Oct 21||BuyHK$374,999||Vinh Mai||Individual||300,000||HK$1.25|
|12 Oct 21||BuyHK$649,999||Po Sum Wu||Individual||500,000||HK$1.30|
|11 Oct 21||BuyHK$1,838,381||Po Sum Wu||Individual||1,347,000||HK$1.36|
|08 Oct 21||BuyHK$781,275||Po Sum Wu||Individual||550,000||HK$1.42|
|07 Oct 21||BuyHK$359,001||Po Sum Wu||Individual||250,000||HK$1.44|
|06 Oct 21||BuyHK$559,777||Po Sum Wu||Individual||408,000||HK$1.37|
|06 Oct 21||BuyHK$408,001||Vinh Mai||Individual||300,000||HK$1.36|
|05 Oct 21||BuyHK$1,476,525||Po Sum Wu||Individual||1,057,000||HK$1.40|
|04 Oct 21||BuyHK$63,640||Po Sum Wu||Individual||43,000||HK$1.48|
|30 Sep 21||BuyHK$297,500||Po Sum Wu||Individual||200,000||HK$1.49|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Central China Real Estate Limited's employee growth, exchange listings and data sources
- Name: Central China Real Estate Limited
- Ticker: 832
- Exchange: SEHK
- Founded: 1992
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: HK$1.006b
- Shares outstanding: 3.05b
- Website: https://www.jianye.com.cn
Number of Employees
- Central China Real Estate Limited
- Jianye Office Building
- Block E
- Henan Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|832||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jun 2008|
|AJ5||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2008|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.