SEHK:989

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Ground International Development

Executive Summary

Ground International Development Limited, an investment holding company, engages in property development and management business in the People’s Republic of China.


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Ground International Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 989's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

989

-5.3%

HK Real Estate

-3.0%

HK Market


1 Year Return

-69.3%

989

-19.5%

HK Real Estate

-11.2%

HK Market

Return vs Industry: 989 underperformed the Hong Kong Real Estate industry which returned -19.6% over the past year.

Return vs Market: 989 underperformed the Hong Kong Market which returned -11.5% over the past year.


Shareholder returns

989IndustryMarket
7 Day-6.3%-5.3%-3.0%
30 Day5.4%-4.5%-1.2%
90 Day-24.4%-14.4%-10.0%
1 Year-69.3%-69.3%-15.9%-19.5%-8.2%-11.2%
3 Year-97.1%-97.1%6.0%-5.7%-5.5%-14.9%
5 Year-95.5%-95.5%10.4%-8.5%-17.8%-30.5%

Price Volatility Vs. Market

How volatile is Ground International Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ground International Development undervalued compared to its fair value and its price relative to the market?

0.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 989's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 989's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 989 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: 989 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 989's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 989 is good value based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Ground International Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.3%

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 Ground International Development 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.


Next Steps

Past Performance

How has Ground International Development performed over the past 5 years?

-26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 989 is currently unprofitable.

Growing Profit Margin: 989 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 989 is unprofitable, and losses have increased over the past 5 years at a rate of -26.9% per year.

Accelerating Growth: Unable to compare 989's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 989 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (2.8%).


Return on Equity

High ROE: 989 has a negative Return on Equity (-23.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ground International Development's financial position?


Financial Position Analysis

Short Term Liabilities: 989's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 989's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥536.6M).


Debt to Equity History and Analysis

Debt Level: 989's debt to equity ratio (62.9%) is considered high.

Reducing Debt: 989's debt to equity ratio has reduced from 70.4% to 62.9% 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 989 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 989 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Ground International Development's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 989's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 989'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 989's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 989's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 989 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 989's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.4yrs

Average board tenure


CEO

Kwok Ping Li (62yo)

no data

Tenure

CN¥332,000

Compensation

Kwok Ping Li serves as Chief Executive Officer of China Motion Netcom and is responsible for the overall management with focus on the development and implementation of the strategic and operational plan ...


Board Members

NamePositionTenureCompensationOwnership
Xintong Cui
Chairman of the Board2.42yrsCN¥2.96m69.26% CN¥211.8m
Hongjian Liu
Executive Director2.5yrsCN¥617.00k0.0017% CN¥5.2k
Hung Kei Tsang
Independent Non-Executive Director1.08yrsno datano data
Peifeng Cong
Non-Executive Director2.42yrsCN¥205.00kno data
Zuoan Zhu
Independent Non-Executive Director2.42yrsCN¥205.00kno data
Xianochu Wang
Independent Non-Executive Director1.83yrsCN¥142.00kno data

2.4yrs

Average Tenure

47yo

Average Age

Experienced Board: 989's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 989 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ground International Development Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ground International Development Limited
  • Ticker: 989
  • Exchange: SEHK
  • Founded: 1990
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$305.857m
  • Shares outstanding: 5.27b
  • Website: https://www.groundproperties.com

Number of Employees


Location

  • Ground International Development Limited
  • China Resources Building
  • Room 1305
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
989SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 1996
989SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 1996
989SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 1996

Biography

Ground International Development Limited, an investment holding company, engages in property development and management business in the People’s Republic of China. It operates through three segments: Property Development and Management, Property Investment, and Financial Services. The Property Development and Management segment develops properties; and provides management services, including planning, design, budgeting, licensing, contract tendering, and contract administration for the development of properties. The Property Investment segment holds properties for long term investment and leasing purposes. The Financial Services segment provides guarantee services. It is also involved in real estate rental management; and tourism development and management business. The company was formerly known as Ground Properties Company Limited and changed its name to Ground International Development Limited in October 2016. Ground International Development Limited was founded in 1990 and is headquartered in Wanchai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 12:42
End of Day Share Price2020/05/26 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.