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China Sandi Holdings

SEHK:910
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
910
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

China Sandi Holdings Limited, an investment holding company, engages in the investment and development of properties in the People’s Republic of China. The last earnings update was 84 days ago. More info.


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910 Share Price and Events
7 Day Returns
0%
SEHK:910
0.4%
HK Real Estate
-0.2%
HK Market
1 Year Returns
20.9%
SEHK:910
6.5%
HK Real Estate
-4.5%
HK Market
910 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Sandi Holdings (910) 0% -1.8% 7.8% 20.9% 103.7% 14.6%
HK Real Estate 0.4% 3.3% -5.5% 6.5% 42.3% 43.3%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 910 outperformed the Real Estate industry which returned 6.5% over the past year.
  • 910 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
910
Industry
5yr Volatility vs Market

Value

 Is China Sandi Holdings 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 China Sandi Holdings 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Sandi Holdings.

SEHK:910 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.1%
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:910
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 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 25%) (35.31%))
1.221
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.221 * 6.65%)
10.12%

Discounted Cash Flow Calculation for SEHK:910 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Sandi Holdings 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.

SEHK:910 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.12%)
2020 723.57 Est @ 16.52% 657.06
2021 811.60 Est @ 12.17% 669.25
2022 885.60 Est @ 9.12% 663.14
2023 947.44 Est @ 6.98% 644.23
2024 999.44 Est @ 5.49% 617.12
2025 1,043.85 Est @ 4.44% 585.29
2026 1,082.58 Est @ 3.71% 551.22
2027 1,117.21 Est @ 3.2% 516.56
2028 1,148.94 Est @ 2.84% 482.40
2029 1,178.68 Est @ 2.59% 449.39
Present value of next 10 years cash flows HK$5,835.67
SEHK:910 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$1,178.68 × (1 + 2%) ÷ (10.12% – 2%)
HK$14,807.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$14,807.02 ÷ (1 + 10.12%)10
HK$5,645.43
SEHK:910 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$5,835.67 + HK$5,645.43
HK$11,481.10
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$11,481.10 / 4,951.34
HK$2.32
SEHK:910 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.32
Current discount Discount to share price of HK$0.55
= -1 x (HK$0.55 - HK$2.32) / HK$2.32
76.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Sandi Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.55 vs Future cash flow value of HK$2.32
Current Discount Checks
For China Sandi Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Sandi Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Sandi Holdings'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 China Sandi Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Sandi Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:910 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.02
SEHK:910 Share Price ** SEHK (2019-07-19) in HKD HK$0.55
Hong Kong Real Estate Industry PE Ratio Median Figure of 191 Publicly-Listed Real Estate Companies 6.51x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Sandi Holdings.

SEHK:910 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:910 Share Price ÷ EPS (both in HKD)

= 0.55 ÷ -0.02

-22.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Sandi Holdings is loss making, we can't compare its value to the HK Real Estate industry average.
  • China Sandi Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Sandi Holdings's expected growth come at a high price?
Raw Data
SEHK:910 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -22.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
46.7%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 62 Publicly-Listed Real Estate Companies 0.31x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Sandi Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Sandi Holdings's assets?
Raw Data
SEHK:910 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.69
SEHK:910 Share Price * SEHK (2019-07-19) in HKD HK$0.55
Hong Kong Real Estate Industry PB Ratio Median Figure of 232 Publicly-Listed Real Estate Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:910 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:910 Share Price ÷ Book Value per Share (both in HKD)

= 0.55 ÷ 0.69

0.8x

* Primary Listing of China Sandi Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Sandi Holdings is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess China Sandi Holdings's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. China Sandi Holdings has a total score of 2/6, 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 China Sandi Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Sandi Holdings, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
46.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Sandi Holdings expected to grow at an attractive rate?
  • China Sandi Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Sandi Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Sandi Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:910 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:910 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 46.7%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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
Raw Data
SEHK:910 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:910 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 227 623 -108
2018-09-30 329 -320 -49
2018-06-30 521 -159 54
2018-03-31 712 24 156
2017-12-31 721 500 81
2017-09-30 730 976 6
2017-06-30 521 601 -82
2017-03-31 313 227 -169
2016-12-31 112 -145 -64
2016-09-30 110 -157 4
2016-06-30 110 -66 83
2016-03-31 110 25 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Sandi Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Sandi Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:910 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Sandi Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:910 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 0.01
2018-03-31 0.04
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 -0.02
2017-03-31 -0.04
2016-12-31 -0.02
2016-09-30 0.00
2016-06-30 0.03
2016-03-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Sandi Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Sandi Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Sandi Holdings has a total score of 3/6, 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 China Sandi Holdings 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
Below we compare China Sandi Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Sandi Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Sandi Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Sandi Holdings's 1-year growth to the HK Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
China Sandi Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Sandi Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:910 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 227.04 -107.95 30.89
2018-09-30 329.03 -49.19 17.12
2018-06-30 520.59 53.57 17.12
2018-03-31 712.38 156.33 28.39
2017-12-31 721.13 81.16 17.67
2017-09-30 729.88 5.99 6.96
2017-06-30 521.26 -81.70 10.45
2017-03-31 312.64 -169.39 13.93
2016-12-31 112.28 -63.71 12.39
2016-09-30 110.24 4.21 13.56
2016-06-30 109.99 82.65 11.66
2016-03-31 109.75 161.08 9.76
2015-12-31 115.70 75.40 8.79
2015-09-30 121.66 -10.28 7.83
2015-06-30 127.31 -138.39 8.57
2015-03-31 132.96 -266.51 9.31
2014-12-31 133.35 -233.99 12.67
2014-09-30 133.75 -201.47 16.03
2014-06-30 132.27 75.18 15.73
2014-03-31 130.80 351.83 15.44
2013-12-31 125.52 530.55 37.19
2013-09-30 111.86 492.32 3.51
2013-06-30 115.26 276.03 5.58
2013-03-31 118.66 59.75 7.65
2012-12-31 116.64 -190.81 29.47
2012-09-30 106.27 -416.16 32.13

*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.
  • It is difficult to establish if China Sandi Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if China Sandi Holdings has efficiently used its assets last year compared to the HK Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Sandi Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Sandi Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Sandi Holdings has a total score of 0/6, 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 China Sandi Holdings'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 China Sandi Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Sandi Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Sandi Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Sandi Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x 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.
Raw Data

All data from China Sandi Holdings Company Filings, last reported 6 months ago.

SEHK:910 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,144.87 996.48 218.06
2018-09-30 3,132.12 999.11 491.19
2018-06-30 3,132.12 999.11 491.19
2018-03-31 3,436.09 1,396.31 461.22
2017-12-31 3,436.09 1,396.31 461.22
2017-09-30 3,159.08 1,149.35 643.72
2017-06-30 3,159.08 1,149.35 643.72
2017-03-31 3,038.00 1,409.88 397.02
2016-12-31 2,892.93 805.10 332.14
2016-09-30 3,046.16 1,004.28 347.53
2016-06-30 3,046.16 1,004.28 347.53
2016-03-31 3,126.19 742.99 604.28
2015-12-31 3,126.19 742.99 604.28
2015-09-30 2,766.72 645.89 216.60
2015-06-30 2,766.72 645.89 216.60
2015-03-31 2,720.49 745.50 309.54
2014-12-31 2,720.49 745.50 309.54
2014-09-30 2,845.52 814.17 146.20
2014-06-30 2,845.52 814.17 146.20
2014-03-31 3,013.90 1,104.38 693.91
2013-12-31 3,013.90 1,104.38 543.49
2013-09-30 3,307.21 1,113.31 156.34
2013-06-30 3,307.21 1,113.31 156.34
2013-03-31 4,069.10 1,032.05 293.59
2012-12-31 4,069.10 1,029.43 293.59
2012-09-30 3,960.80 1,098.14 308.34
  • China Sandi Holdings's level of debt (31.7%) 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 (36.6% vs 31.7% today).
  • Debt is well covered by operating cash flow (62.5%, greater than 20% of total debt).
  • China Sandi Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess China Sandi Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Sandi Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 China Sandi Holdings'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
Dividend payments
0%
Current annual income from China Sandi Holdings dividends.
If you bought HK$2,000 of China Sandi Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Sandi Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Sandi Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
SEHK:910 Annualized Past and Future Dividends
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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 142 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Sandi Holdings has not reported any payouts.
  • Unable to verify if China Sandi Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Sandi Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Sandi Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Sandi Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Sandi Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Sandi Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of China Sandi Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • China Sandi Holdings has no CEO, or we have no data on them.
Management Team

Jiadi Guo

TITLE
Executive Chairman
COMPENSATION
HK$5M
AGE
60

Amika Guo

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
33

Chao Wang

TITLE
Executive Director
COMPENSATION
HK$673K
AGE
42
Board of Directors Tenure

Average tenure and age of the China Sandi Holdings board of directors in years:

5
Average Tenure
51
Average Age
  • The tenure for the China Sandi Holdings board of directors is about average.
Board of Directors

Jiadi Guo

TITLE
Executive Chairman
COMPENSATION
HK$5M
AGE
60
TENURE
4.6 yrs

Amika Guo

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
33
TENURE
5 yrs

Chao Wang

TITLE
Executive Director
COMPENSATION
HK$673K
AGE
42
TENURE
1.4 yrs

Peter Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$75K
AGE
68
TENURE
8.6 yrs

Yurui Zheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$722K
AGE
64
TENURE
7.3 yrs

Michael Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
42
TENURE
5 yrs

Edward Wong

TITLE
Non-Executive Director
COMPENSATION
HK$75K
AGE
62
TENURE
9.8 yrs

Shujuan Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$729K
AGE
35
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Sandi Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Sandi Holdings 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

Can You Imagine How Chuffed China Sandi Holdings's (HKG:910) Shareholders Feel About Its 107% Share Price Gain?

For example, the China Sandi Holdings Limited (HKG:910) share price has soared 107% in the last three years. … We'd be remiss not to mention the difference between China Sandi Holdings's total shareholder return (TSR) and its share price return. … We note that China Sandi Holdings's TSR, at 107% is higher than its share price return of 107%.

Simply Wall St -

Do Insiders Own Shares In China Sandi Holdings Limited (HKG:910)?

China Sandi Holdings is a smaller company with a market capitalization of HK$2.6b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for China Sandi Holdings SEHK:910 Ownership Summary, June 11th 2019 What Does The Lack Of Institutional Ownership Tell Us About China Sandi Holdings? … Insider Ownership Of China Sandi Holdings While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Need To Know: China Sandi Holdings Limited (HKG:910) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in China Sandi Holdings Limited (HKG:910). … But equally, we would consider it foolish to ignore insider transactions altogether. … China Sandi Holdings Insider Transactions Over The Last Year.

Simply Wall St -

What Investors Should Know About China Sandi Holdings Limited's (HKG:910) Financial Strength

China Sandi Holdings Limited (HKG:910) is a small-cap stock with a market capitalization of HK$2.9b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Do Institutions Own China Sandi Holdings Limited (HKG:910) Shares?

A look at the shareholders of China Sandi Holdings Limited (HKG:910) can tell us which group is most powerful. … With a market capitalization of HK$2.0b, China Sandi Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for China Sandi Holdings

Simply Wall St -

Read This Before Selling China Sandi Holdings Limited (HKG:910) Shares

So we'll take a look at whether insiders have been buying or selling shares in China Sandi Holdings Limited (HKG:910). … China Sandi Holdings Insider Transactions Over The Last Year. … That means that an insider was happy to buy shares at around the current price.

Simply Wall St -

What You Must Know About China Sandi Holdings Limited's (HKG:910) Financial Strength

While small-cap stocks, such as China Sandi Holdings Limited (HKG:910) with its market cap of HK$1.96b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Should You Be Happy With China Sandi Holdings Limited's (HKG:910) Performance Lately?

Measuring China Sandi Holdings Limited's (HKG:910) track record of past performance is an insightful exercise for investors. … Below, I will assess 910's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … See our latest analysis for China Sandi Holdings?

Simply Wall St -

Will China Sandi Holdings Limited (HKG:910) Continue To Underperform Its Industry?

China Sandi Holdings Limited (HKG:910) generated a below-average return on equity of 4.68% in the past 12 months, while its industry returned 9.32%. … Knowing these components can change your views on 910's below-average returns. … View our latest analysis for China Sandi Holdings

Simply Wall St -

Is China Sandi Holdings Limited's (HKG:910) PE Ratio A Signal To Sell For Investors?

and want to begin learning the link between China Sandi Holdings Limited (HKG:910)’s fundamentals and stock market performance. … China Sandi Holdings Limited (HKG:910) trades with a trailing P/E of 26x, which is higher than the industry average of 7x. … While 910 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Company Info

Description

China Sandi Holdings Limited, an investment holding company, engages in the investment and development of properties in the People’s Republic of China. It is also involved in the leasing of properties and providing property management services. In addition, the company engages in the securities trading and money lending businesses. It owns a shopping mall in Fuzhou, the People’s Republic of China. The company was formerly known as China Grand Forestry Green Resources Group Limited and changed its name to China Sandi Holdings Limited in October 2012. China Sandi Holdings Limited is headquartered in Central, Hong Kong.

Details
Name: China Sandi Holdings Limited
910
Exchange: SEHK
Founded:
HK$2,822,262,649
4,951,337,981
Website: http://www.chinasandi.com.hk
Address: China Sandi Holdings Limited
China Merchants Tower, Shun Tak Centre,
Room 3405,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 910 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Dec 1998
DB GFW1 Ordinary Shares Deutsche Boerse AG DE EUR 01. Dec 1998
Number of employees
Current staff
Staff numbers
137
China Sandi Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:42
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/04/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.