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9982

Central China Management SEHK:9982 Stock Report

Last Price

HK$1.17

Market Cap

HK$3.8b

7D

-2.5%

1Y

-48.7%

Updated

02 Jul, 2022

Data

Company Financials +
9982 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends3/6

9982 Stock Overview

Central China Management Company Limited provides project management services for property development projects in China.

Central China Management Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Central China Management
Historical stock prices
Current Share PriceHK$1.17
52 Week HighHK$2.29
52 Week LowHK$0.80
Beta0
1 Month Change-4.88%
3 Month Change-4.10%
1 Year Change-48.68%
3 Year Changen/a
5 Year Changen/a
Change since IPO-55.68%

Recent News & Updates

Mar 17
Central China Management Company Limited (HKG:9982) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Central China Management Company Limited (HKG:9982) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Investors in Central China Management Company Limited ( HKG:9982 ) had a good week, as its shares rose 10.0% to close...

Shareholder Returns

9982HK Real EstateHK Market
7D-2.5%3.3%0.5%
1Y-48.7%-31.2%-20.3%

Return vs Industry: 9982 underperformed the Hong Kong Real Estate industry which returned -31.2% over the past year.

Return vs Market: 9982 underperformed the Hong Kong Market which returned -20.3% over the past year.

Price Volatility

Is 9982's price volatile compared to industry and market?
9982 volatility
9982 Average Weekly Movement5.2%
Real Estate Industry Average Movement6.1%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 9982 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 9982's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20201,238Xiaoteng Mahttps://www.centralchinamgt.com

Central China Management Company Limited provides project management services for property development projects in China. The company was incorporated in 2020 and is headquartered in Zhengzhou, the People’s Republic of China. Central China Management Company Limited operates as a subsidiary of Joy Bright Investments Limited.

Central China Management Fundamentals Summary

How do Central China Management's earnings and revenue compare to its market cap?
9982 fundamental statistics
Market CapCN¥3.28b
Earnings (TTM)CN¥770.16m
Revenue (TTM)CN¥1.30b

4.3x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9982 income statement (TTM)
RevenueCN¥1.30b
Cost of RevenueCN¥0
Gross ProfitCN¥1.30b
Other ExpensesCN¥531.29m
EarningsCN¥770.16m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin100.00%
Net Profit Margin59.18%
Debt/Equity Ratio0%

How did 9982 perform over the long term?

See historical performance and comparison

Dividends

16.0%

Current Dividend Yield

62%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9982 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 9982?

Other financial metrics that can be useful for relative valuation.

9982 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/Revenue0.9x
Enterprise Value/EBITDA1.2x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 9982's PE Ratio compare to its peers?

9982 PE Ratio vs Peers
The above table shows the PE ratio for 9982 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.4x
337 Greenland Hong Kong Holdings
1.7xn/aHK$4.3b
2117 Datang Group Holdings
5.6xn/aHK$4.8b
258 Tomson Group
13.3xn/aHK$3.8b
978 China Merchants Land
5xn/aHK$3.3b
9982 Central China Management
4.3x11.9%HK$3.8b

Price-To-Earnings vs Peers: 9982 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (6.4x).


Price to Earnings Ratio vs Industry

How does 9982's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 9982 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Hong Kong Real Estate industry average (6.7x)


Price to Earnings Ratio vs Fair Ratio

What is 9982'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.

9982 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio4.8x

Price-To-Earnings vs Fair Ratio: 9982 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (4.8x).


Share Price vs Fair Value

What is the Fair Price of 9982 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9982 (HK$1.17) is trading below our estimate of fair value (HK$2.81)

Significantly Below Fair Value: 9982 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 9982 is good value based on its PEG Ratio (0.4x)


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Future Growth

How is Central China Management forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9982's forecast earnings growth (11.9% per year) is above the savings rate (1.6%).

Earnings vs Market: 9982's earnings (11.9% per year) are forecast to grow slower than the Hong Kong market (16.6% per year).

High Growth Earnings: 9982's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9982's revenue (11.6% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).

High Growth Revenue: 9982's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9982's Return on Equity is forecast to be high in 3 years time (33.6%)


Discover growth companies

Past Performance

How has Central China Management performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9982 has a high level of non-cash earnings.

Growing Profit Margin: 9982's current net profit margins (59.2%) are higher than last year (59.2%).


Past Earnings Growth Analysis

Earnings Trend: 9982's earnings have grown significantly by 23.5% per year over the past 5 years.

Accelerating Growth: 9982's earnings growth over the past year (13%) is below its 5-year average (23.5% per year).

Earnings vs Industry: 9982 earnings growth over the past year (13%) exceeded the Real Estate industry 9.7%.


Return on Equity

High ROE: 9982's Return on Equity (33.2%) is considered high.


Discover strong past performing companies

Financial Health

How is Central China Management's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9982's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥573.8M).

Long Term Liabilities: 9982's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.6M).


Debt to Equity History and Analysis

Debt Level: 9982 is debt free.

Reducing Debt: 9982 has not had any debt for past 5 years.

Debt Coverage: 9982 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9982 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Central China Management current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


16.04%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9982's dividend (16.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.71%).

High Dividend: 9982's dividend (16.04%) is in the top 25% of dividend payers in the Hong Kong market (7.81%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 9982's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 9982's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61.8%), 9982's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (103.1%), 9982's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

1.7yrs

Average board tenure


CEO

Xiaoteng Ma (45 yo)

0.42

Tenure

CN¥6,051,000

Compensation

Mr. Ma Xiaoteng has been an Executive Director of Central China Management Company Limited since November 6, 2020 and the Chief Executive Officer since February 14, 2022. Mr. Ma is mainly responsible for o...


CEO Compensation Analysis

Compensation vs Market: Xiaoteng's total compensation ($USD903.00K) is above average for companies of similar size in the Hong Kong market ($USD421.54K).

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


Board Members

Experienced Board: 9982's board of directors are not considered experienced ( 1.7 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: Insufficient data to determine if insiders have bought more shares than they have sold 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

Central China Management Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Central China Management Company Limited
  • Ticker: 9982
  • Exchange: SEHK
  • Founded: 2020
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$3.844b
  • Shares outstanding: 3.29b
  • Website: https://www.centralchinamgt.com

Number of Employees


Location

  • Central China Management Company Limited
  • Jianye Office Building
  • Room 212, 313, Block C
  • Zhengzhou
  • Henan Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/06/30 00:00
Earnings2021/12/31
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.