Glorious Property Holdings (SEHK:845) - Share price, News & Analysis

845 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

845 Stock Overview

Glorious Property Holdings Limited, an investment holding company, invests in, develops, and sells real estate properties in the People’s Republic of China.

Rewards

Trading at 88.7% below our estimate of its fair value

Risk Analysis

No risks detected for 845 from our risk checks.

Glorious Property Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Glorious Property Holdings
Historical stock prices
Current Share Price	HK$0.22
52 Week High	HK$0.26
52 Week Low	HK$0.15
Beta	0.96
1 Month Change	13.54%
3 Month Change	10.10%
1 Year Change	-8.40%
3 Year Change	-43.38%
5 Year Change	-74.35%
Change since IPO	-94.20%

Recent News & Updates

Oct 04

Estimating The Fair Value Of Glorious Property Holdings Limited (HKG:845)

How far off is Glorious Property Holdings Limited ( HKG:845 ) from its intrinsic value? Using the most recent financial...

Shareholder Returns

	845	HK Real Estate	HK Market
7D	-8.4%	4.3%	2.1%
1Y	-8.4%	-34.5%	-23.3%

Return vs Industry: 845 exceeded the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 845 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 845's price volatile compared to industry and market?
845 volatility
845 Average Weekly Movement	8.5%
Real Estate Industry Average Movement	6.2%
Market Average Movement	7.0%
10% most volatile stocks in HK Market	13.8%
10% least volatile stocks in HK Market	3.3%

Stable Share Price: 845 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 845's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	628	Xiang Yang Ding	https://www.gloriousphl.com.cn

Glorious Property Holdings Limited, an investment holding company, invests in, develops, and sells real estate properties in the People’s Republic of China. It develops residential, commercial, serviced apartment, office, and hotel projects. As of December 31, 2020, the company had a total land bank of 6.6 million square meters in Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China.

Glorious Property Holdings Fundamentals Summary

How do Glorious Property Holdings's earnings and revenue compare to its market cap?
845 fundamental statistics
Market Cap	CN¥1.45b
Earnings (TTM)	-CN¥4.09b
Revenue (TTM)	CN¥3.32b

0.4x

P/S Ratio

-0.4x

P/E Ratio

Is 845 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
845 income statement (TTM)
Revenue	CN¥3.32b
Cost of Revenue	CN¥4.29b
Gross Profit	-CN¥973.80m
Other Expenses	CN¥3.11b
Earnings	-CN¥4.09b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.52
Gross Margin	-29.35%
Net Profit Margin	-123.17%
Debt/Equity Ratio	1,349.5%

How did 845 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 845 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 845?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 845. This is calculated by dividing 845's market cap by their current preferred multiple.
What is 845's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥1.45b

845 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.8x
Enterprise Value/EBITDA	-13.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 845's PS Ratio compare to its peers?

845 PS Ratio vs Peers

The above table shows the PS ratio for 845 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	8.4x

Forward PS

Price-To-Sales vs Peers: 845 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (8.4x).

Price to Earnings Ratio vs Industry

How does 845's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Sales vs Industry: 845 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong Real Estate industry average (1.1x)

Price to Sales Ratio vs Fair Ratio

What is 845'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.

845 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.4x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 845's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 845 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 845 (HK$0.22) is trading below our estimate of fair value (HK$1.92)

Significantly Below Fair Value: 845 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 845's PEG Ratio to determine if it is good value.

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Future Growth

How is Glorious Property Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

10.0%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Glorious Property Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine whether Glorious Property Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
Glorious Property Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Glorious Property Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

25.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 845 is currently unprofitable.

Growing Profit Margin: 845 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 845 is unprofitable, but has reduced losses over the past 5 years at a rate of 25.3% per year.

Accelerating Growth: Unable to compare 845's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 845 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (14.7%).

Return on Equity

High ROE: 845 has a negative Return on Equity (-275.49%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Glorious Property Holdings's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 845's short term assets (CN¥25.3B) do not cover its short term liabilities (CN¥47.4B).

Long Term Liabilities: 845's short term assets (CN¥25.3B) exceed its long term liabilities (CN¥2.2B).

Debt to Equity History and Analysis

Debt Level: 845's net debt to equity ratio (1336.6%) is considered high.

Reducing Debt: 845's debt to equity ratio has increased from 319.5% to 1349.5% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 845 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 845 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is Glorious Property Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 845's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 845'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 845's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 845's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 845 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 845 has not reported any payouts.

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Management

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

6.5yrs

Average management tenure

CEO

Xiang Yang Ding (53 yo)

8.08yrs

Tenure

CN¥874,000

Compensation

Mr. Xiang Yang Ding has been Chairman of the Board at Glorious Property Holdings Limited since June 5, 2018 and also serves as an Administrative President and Executive Director since November 2019 and had...

CEO Compensation Analysis

Compensation vs Market: Xiang Yang's total compensation ($USD130.66K) is below average for companies of similar size in the Hong Kong market ($USD305.47K).

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

Leadership Team

Experienced Management: 845's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Experienced Board: 845's board of directors are considered experienced (9.8 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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31