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884

CIFI Holdings (Group) SEHK:884 Stock Report

Last Price

HK$0.86

Market Cap

HK$8.0b

7D

-32.3%

1Y

-81.7%

Updated

04 Oct, 2022

Data

Company Financials +
884 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends0/6

884 Stock Overview

CIFI Holdings (Group) Co. Ltd., an investment holding company, invests in, develops, and manages properties in the People’s Republic of China.

CIFI Holdings (Group) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CIFI Holdings (Group)
Historical stock prices
Current Share PriceHK$0.86
52 Week HighHK$6.06
52 Week LowHK$0.63
Beta0.74
1 Month Change-56.12%
3 Month Change-76.24%
1 Year Change-81.67%
3 Year Change-80.43%
5 Year Change-81.37%
Change since IPO-31.73%

Recent News & Updates

Sep 07
CIFI Holdings (Group) Co. Ltd. (HKG:884) Analysts Just Slashed This Year's Estimates

CIFI Holdings (Group) Co. Ltd. (HKG:884) Analysts Just Slashed This Year's Estimates

The analysts covering CIFI Holdings (Group) Co. Ltd. ( HKG:884 ) delivered a dose of negativity to shareholders today...

Shareholder Returns

884HK Real EstateHK Market
7D-32.3%-2.8%-4.3%
1Y-81.7%-37.6%-28.3%

Return vs Industry: 884 underperformed the Hong Kong Real Estate industry which returned -37.6% over the past year.

Return vs Market: 884 underperformed the Hong Kong Market which returned -28.3% over the past year.

Price Volatility

Is 884's price volatile compared to industry and market?
884 volatility
884 Average Weekly Movement18.4%
Real Estate Industry Average Movement5.9%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 884 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: 884's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
200025,785Feng Linhttps://www.cifi.com.cn

CIFI Holdings (Group) Co. Ltd., an investment holding company, invests in, develops, and manages properties in the People’s Republic of China. The company operates through Sales of Properties and Other Property Related Services; Property Investment; and Property Management and Other Services segments. It develops and sells office and commercial premises, and residential properties; leases investment properties; and offers project management and other property related services.

CIFI Holdings (Group) Fundamentals Summary

How do CIFI Holdings (Group)'s earnings and revenue compare to its market cap?
884 fundamental statistics
Market CapHK$8.04b
Earnings (TTM)HK$5.23b
Revenue (TTM)HK$111.65b

1.5x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
884 income statement (TTM)
RevenueCN¥101.18b
Cost of RevenueCN¥82.14b
Gross ProfitCN¥19.04b
Other ExpensesCN¥14.30b
EarningsCN¥4.74b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin18.82%
Net Profit Margin4.69%
Debt/Equity Ratio108.0%

How did 884 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 884 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 884?

Other financial metrics that can be useful for relative valuation.

884 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/Revenue1.6x
Enterprise Value/EBITDA11.6x
PEG Ratio0.1x

Price to Earnings Ratio vs Peers

How does 884's PE Ratio compare to its peers?

884 PE Ratio vs Peers
The above table shows the PE ratio for 884 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.1x
1622 Redco Properties Group
17.5xn/aHK$6.8b
81 China Overseas Grand Oceans Group
2.1x-3.0%HK$10.9b
3990 Midea Real Estate Holding
3x5.2%HK$10.2b
272 Shui On Land
6xn/aHK$6.6b
884 CIFI Holdings (Group)
1.5x13.4%HK$8.0b

Price-To-Earnings vs Peers: 884 is good value based on its Price-To-Earnings Ratio (1.5x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does 884's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 884 is good value based on its Price-To-Earnings Ratio (1.5x) compared to the Hong Kong Real Estate industry average (5.8x)


Price to Earnings Ratio vs Fair Ratio

What is 884's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

884 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio1.5x
Fair PE Ratio4.3x

Price-To-Earnings vs Fair Ratio: 884 is good value based on its Price-To-Earnings Ratio (1.5x) compared to the estimated Fair Price-To-Earnings Ratio (4.3x).


Share Price vs Fair Value

What is the Fair Price of 884 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 884 (HK$0.86) is trading below our estimate of fair value (HK$10.68)

Significantly Below Fair Value: 884 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.


Discover undervalued companies

Future Growth

How is CIFI Holdings (Group) forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 884's forecast earnings growth (13.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 884's earnings (13.4% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).

High Growth Earnings: 884's earnings are forecast to grow, but not significantly.

Revenue vs Market: 884's revenue (7.7% per year) is forecast to grow slower than the Hong Kong market (9.7% per year).

High Growth Revenue: 884's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 884's Return on Equity is forecast to be low in 3 years time (11.5%).


Discover growth companies

Past Performance

How has CIFI Holdings (Group) performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 884 has high quality earnings.

Growing Profit Margin: 884's current net profit margins (4.7%) are lower than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: 884's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: 884's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 884 had negative earnings growth (-42.6%) over the past year, making it difficult to compare to the Real Estate industry average (-5.8%).


Return on Equity

High ROE: 884's Return on Equity (8.4%) is considered low.


Discover strong past performing companies

Financial Health

How is CIFI Holdings (Group)'s financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 884's short term assets (CN¥328.9B) exceed its short term liabilities (CN¥203.7B).

Long Term Liabilities: 884's short term assets (CN¥328.9B) exceed its long term liabilities (CN¥100.7B).


Debt to Equity History and Analysis

Debt Level: 884's net debt to equity ratio (78.5%) is considered high.

Reducing Debt: 884's debt to equity ratio has reduced from 213% to 108% over the past 5 years.

Debt Coverage: 884's debt is not well covered by operating cash flow (5.3%).

Interest Coverage: 884's interest payments on its debt are well covered by EBIT (183.2x coverage).


Balance Sheet


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Dividend

What is CIFI Holdings (Group) 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

  • Cash Flow Coverage


12.73%

Forecast Dividend Yield

Dividend Yield vs Market

CIFI Holdings (Group) Dividend Yield vs Market
How does CIFI Holdings (Group) dividend yield compare to the market?
SegmentDividend Yield
Company (CIFI Holdings (Group))0%
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Real Estate)6.0%
Analyst forecast in 3 Years (CIFI Holdings (Group))12.7%

Notable Dividend: Unable to evaluate 884's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 884'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 884's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 884's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 884 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 884 has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.0yrs

Average board tenure


CEO

Feng Lin (47 yo)

11.42yrs

Tenure

CN¥6,603,000

Compensation

Mr. Feng Lin is the Executive Director and Chief Executive Officer of CIFI Holdings (Group) Co. Ltd. He serves as Non-Executive Deputy Chairman of the Board at CIFI Ever Sunshine Services Group Limited (fo...


CEO Compensation Analysis

Feng Lin's Compensation vs CIFI Holdings (Group) Earnings
How has Feng Lin's remuneration changed compared to CIFI Holdings (Group)'s earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥5b

Mar 31 2022n/an/a

CN¥6b

Dec 31 2021CN¥7mCN¥6m

CN¥8b

Sep 30 2021n/an/a

CN¥8b

Jun 30 2021n/an/a

CN¥8b

Mar 31 2021n/an/a

CN¥8b

Dec 31 2020CN¥7mCN¥7m

CN¥8b

Sep 30 2020n/an/a

CN¥7b

Jun 30 2020n/an/a

CN¥7b

Mar 31 2020n/an/a

CN¥7b

Dec 31 2019CN¥12mCN¥6m

CN¥6b

Sep 30 2019n/an/a

CN¥6b

Jun 30 2019n/an/a

CN¥5b

Mar 31 2019n/an/a

CN¥5b

Dec 31 2018CN¥22mCN¥6m

CN¥5b

Sep 30 2018n/an/a

CN¥6b

Jun 30 2018n/an/a

CN¥6b

Mar 31 2018n/an/a

CN¥5b

Dec 31 2017CN¥16mCN¥5m

CN¥5b

Sep 30 2017n/an/a

CN¥4b

Jun 30 2017n/an/a

CN¥4b

Mar 31 2017n/an/a

CN¥3b

Dec 31 2016CN¥6mCN¥3m

CN¥3b

Sep 30 2016n/an/a

CN¥2b

Jun 30 2016n/an/a

CN¥2b

Mar 31 2016n/an/a

CN¥2b

Dec 31 2015CN¥5mCN¥3m

CN¥2b

Compensation vs Market: Feng's total compensation ($USD928.17K) is above average for companies of similar size in the Hong Kong market ($USD565.73K).

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


Board Members

Experienced Board: 884's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 884 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SEHK:884 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Sep 22BuyHK$825,000Rosy Fortune Investments LimitedCompany500,000HK$1.65
08 Sep 22BuyHK$1,860,004Feng LinIndividual1,000,000HK$1.86
08 Sep 22BuyHK$1,860,004Rosy Fortune Investments LimitedCompany1,000,000HK$1.86
02 Sep 22BuyHK$1,977,398Rosy Fortune Investments LimitedCompany1,000,000HK$1.98
31 Aug 22BuyHK$2,001,996Rosy Fortune Investments LimitedCompany1,000,000HK$2.00
31 Aug 22BuyHK$628,148,046Rosy Fortune Investments LimitedCompany304,926,000HK$2.06
27 Jul 22BuyHK$1,109,998Rosy Fortune Investments LimitedCompany500,000HK$2.22
22 Jul 22BuyHK$983,249Rosy Fortune Investments LimitedCompany500,000HK$1.97
18 Jul 22BuyHK$484,001Caiyi LinIndividual200,000HK$2.42
15 Jul 22BuyHK$876,995Yongyue ZhangIndividual350,000HK$2.51
14 Jul 22BuyHK$1,364,351Feng LinIndividual500,000HK$2.73
13 Jul 22BuyHK$2,570,004Feng LinIndividual1,000,000HK$2.57
07 Jul 22SellHK$3,480,068Dongbiao ChenIndividual1,004,000HK$3.47
06 Jul 22SellHK$5,735,761Dongbiao ChenIndividual1,590,000HK$3.61
05 Jul 22SellHK$1,525,666Dongbiao ChenIndividual406,000HK$3.76
23 Jun 22SellHK$3,445,642Dongbiao ChenIndividual972,000HK$3.54
22 Jun 22SellHK$6,215,533Dongbiao ChenIndividual1,778,000HK$3.50
21 Jun 22SellHK$885,999Dongbiao ChenIndividual250,000HK$3.54
14 Jun 22SellHK$5,205,995Dongbiao ChenIndividual1,659,840HK$3.14
13 Jun 22SellHK$153,598Dongbiao ChenIndividual47,840HK$3.21
10 Jun 22SellHK$1,472,188Dongbiao ChenIndividual426,400HK$3.45
21 Apr 22BuyHK$1,819,998Feng LinIndividual520,000HK$3.50
21 Apr 22BuyHK$3,657,993Rosy Fortune Investments LimitedCompany1,040,000HK$3.52
20 Apr 22BuyHK$5,132,569Zhong LinIndividual1,283,360HK$4.00
12 Apr 22BuyHK$8,733,195Rosy Fortune Investments LimitedCompany2,080,000HK$4.20
01 Apr 22BuyHK$364,500Rosy Fortune Investments LimitedCompany93,600HK$3.89
30 Mar 22BuyHK$4,529,694Rosy Fortune Investments LimitedCompany1,040,000HK$4.36
29 Mar 22BuyHK$997,498Feng LinIndividual260,000HK$3.84
29 Mar 22BuyHK$3,999,997Rosy Fortune Investments LimitedCompany1,040,000HK$3.85
28 Mar 22BuyHK$4,039,397Rosy Fortune Investments LimitedCompany1,040,000HK$3.88
25 Mar 22BuyHK$2,084,949Zhong LinIndividual520,000HK$4.01
25 Mar 22BuyHK$1,846,796Feng LinIndividual474,240HK$3.89
25 Mar 22BuyHK$4,169,296Rosy Fortune Investments LimitedCompany1,040,000HK$4.01
29 Dec 21BuyHK$43,913,728Feng LinIndividual11,417,566.16HK$3.85
29 Dec 21BuyHK$540,448,835Rosy Fortune Investments LimitedCompany140,516,657.84HK$3.85
29 Dec 21BuyHK$249,771,922Sun Success TrustCompany64,940,681.52HK$3.85
20 Dec 21BuyHK$39,999,951Wei LinIndividual10,400,000HK$3.85
14 Dec 21BuyHK$2,578,578Xin YangIndividual670,431.84HK$3.85
10 Dec 21BuyHK$299,008Wee Seng TanIndividual77,742.08HK$3.85
10 Nov 21BuyHK$402,920Wee Seng TanIndividual104,000HK$3.87
04 Nov 21BuyHK$1,352,799Yongyue ZhangIndividual332,800HK$4.06
03 Nov 21BuyHK$172,400Yongyue ZhangIndividual41,600HK$4.14
29 Oct 21BuyHK$8,697,788Feng LinIndividual2,080,000HK$4.18
29 Oct 21BuyHK$8,697,788Rosy Fortune Investments LimitedCompany2,080,000HK$4.18

Ownership Breakdown

What is the ownership structure of 884?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,020,641,52510.9%
Institutions1,693,345,62518.1%
General Public2,533,734,32427.1%
Private Companies4,098,126,40643.8%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.


Top Shareholders

Top 25 shareholders own 70.15% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
29.26%
Rosy Fortune Investments Limited
2,734,372,105CN¥2.4b0.16%no data
14.59%
Sun Success Trust
1,363,754,301CN¥1.2b0%no data
7.64%
Wei Lin
714,452,194CN¥614.4m-1.16%no data
5.86%
Ping'an Assets Management Co., Ltd.
548,080,000CN¥471.3m0%0.36%
2.76%
Feng Lin
257,763,464CN¥221.7m0.98%no data
1.95%
The Vanguard Group, Inc.
182,019,688CN¥156.5m0.99%no data
1.31%
BlackRock, Inc.
122,731,227CN¥105.5m6.74%no data
1.04%
Dimensional Fund Advisors LP
97,063,493CN¥83.5m-2.27%no data
0.83%
Norges Bank Investment Management
77,149,638CN¥66.3m0%no data
0.53%
AllianceBernstein L.P.
49,094,671CN¥42.2m-0.43%no data
0.51%
SEI Investments Company
47,797,779CN¥41.1m2.36%0.01%
0.49%
FMR LLC
46,102,211CN¥39.6m-26.13%no data
0.44%
Eastspring Investments (Singapore) Limited
41,094,133CN¥35.3m0.29%0.02%
0.44%
Matthews International Capital Management, LLC
40,756,768CN¥35.1m12.5%0.03%
0.38%
Value Partners Hong Kong Limited
35,950,860CN¥30.9m0%0.11%
0.34%
State Street Global Advisors, Inc.
32,052,908CN¥27.6m33.66%no data
0.33%
Amundi Asset Management
30,550,214CN¥26.3m9.1%no data
0.26%
Geode Capital Management, LLC
24,643,680CN¥21.2m1.76%no data
0.25%
Allianz Asset Management AG
23,260,224CN¥20.0m5.42%no data
0.22%
HSBC Jintrust Fund Management Company Limited
20,129,512CN¥17.3m0%0.05%
0.16%
Dongbiao Chen
14,924,423CN¥12.8m-19.05%no data
0.15%
Xin Yang
14,303,603CN¥12.3m1.59%no data
0.14%
Lombarda China Fund Management Co., Ltd.
12,852,944CN¥11.1m0%no data
0.14%
Wellington Management Group LLP
12,716,843CN¥10.9m-35.16%no data
0.13%
Essence Fund Management Co., Ltd
12,488,320CN¥10.7m0%0.04%

Company Information

CIFI Holdings (Group) Co. Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: CIFI Holdings (Group) Co. Ltd.
  • Ticker: 884
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$8.037b
  • Shares outstanding: 9.35b
  • Website: https://www.cifi.com.cn

Number of Employees


Location

  • CIFI Holdings (Group) Co. Ltd.
  • CIFI Center
  • Lane 1088
  • Shanghai
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
884SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2012
6CIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2012
884SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2012
884SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 2012
CFFH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.