company background image
9983

Central China New Life SEHK:9983 Stock Report

Last Price

HK$3.95

Market Cap

HK$5.0b

7D

10.6%

1Y

-51.1%

Updated

26 Jun, 2022

Data

Company Financials +
9983 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends3/6

9983 Stock Overview

Central China New Life Limited, an investment holding company, provides property management services and value-added services in the People’s Republic of China.

Central China New Life Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Central China New Life
Historical stock prices
Current Share PriceHK$3.95
52 Week HighHK$8.19
52 Week LowHK$3.03
Beta0.57
1 Month Change23.44%
3 Month Change-3.66%
1 Year Change-51.11%
3 Year Changen/a
5 Year Changen/a
Change since IPO-52.81%

Recent News & Updates

Apr 04
Central China New Life's (HKG:9983) Shareholders Will Receive A Bigger Dividend Than Last Year

Central China New Life's (HKG:9983) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Central China New Life Limited ( HKG:9983 ) has announced that it will be increasing its dividend on the...

Mar 21
Central China New Life (HKG:9983) Has Announced That It Will Be Increasing Its Dividend To HK$0.34

Central China New Life (HKG:9983) Has Announced That It Will Be Increasing Its Dividend To HK$0.34

Central China New Life Limited ( HKG:9983 ) will increase its dividend on the 25th of May to HK$0.34. This takes the...

Shareholder Returns

9983HK Real EstateHK Market
7D10.6%4.3%2.1%
1Y-51.1%-34.5%-23.3%

Return vs Industry: 9983 underperformed the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 9983 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 9983's price volatile compared to industry and market?
9983 volatility
9983 Average Weekly Movement8.8%
Real Estate Industry Average Movement6.3%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 9983 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: 9983's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19946,007Jun Wanghttps://www.ccnewlife.com.cn

Central China New Life Limited, an investment holding company, provides property management services and value-added services in the People’s Republic of China. It operates through three segments: Property Management and Value-Added Services, Lifestyle Services, and Commercial Property Management and Consultation Services. The company manages a portfolio of properties, including residential properties, shopping malls, cultural tourism complexes, commercial apartments, office buildings, schools, hospitals, city services, factories, and parks and properties of governmental agencies.

Central China New Life Fundamentals Summary

How do Central China New Life's earnings and revenue compare to its market cap?
9983 fundamental statistics
Market CapCN¥4.27b
Earnings (TTM)CN¥619.56m
Revenue (TTM)CN¥3.60b

6.9x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9983 income statement (TTM)
RevenueCN¥3.60b
Cost of RevenueCN¥2.42b
Gross ProfitCN¥1.18b
Other ExpensesCN¥563.66m
EarningsCN¥619.56m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.49
Gross Margin32.88%
Net Profit Margin17.22%
Debt/Equity Ratio0%

How did 9983 perform over the long term?

See historical performance and comparison

Dividends

11.6%

Current Dividend Yield

80%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9983 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-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 9983?

Other financial metrics that can be useful for relative valuation.

9983 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/Revenue0.6x
Enterprise Value/EBITDA2.1x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 9983's PE Ratio compare to its peers?

9983 PE Ratio vs Peers
The above table shows the PE ratio for 9983 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14x

Price-To-Earnings vs Peers: 9983 is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (14x).


Price to Earnings Ratio vs Industry

How does 9983's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Earnings vs Industry: 9983 is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 9983'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.

9983 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: 9983 is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).


Share Price vs Fair Value

What is the Fair Price of 9983 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9983 (HK$3.95) is trading below our estimate of fair value (HK$19.63)

Significantly Below Fair Value: 9983 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 9983 is good value based on its PEG Ratio (0.3x)


Discover undervalued companies

Future Growth

How is Central China New Life forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9983's forecast earnings growth (25.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 9983's earnings (25.6% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 9983's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9983's revenue (24.8% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 9983's revenue (24.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9983's Return on Equity is forecast to be high in 3 years time (29.7%)


Discover growth companies

Past Performance

How has Central China New Life performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


41.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9983 has a high level of non-cash earnings.

Growing Profit Margin: 9983's current net profit margins (17.2%) are higher than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: 9983's earnings have grown significantly by 41.1% per year over the past 5 years.

Accelerating Growth: 9983's earnings growth over the past year (45.2%) exceeds its 5-year average (41.1% per year).

Earnings vs Industry: 9983 earnings growth over the past year (45.2%) exceeded the Real Estate industry 13.4%.


Return on Equity

High ROE: 9983's Return on Equity (21.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Central China New Life'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: 9983's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥1.8B).

Long Term Liabilities: 9983's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥155.5M).


Debt to Equity History and Analysis

Debt Level: 9983 is debt free.

Reducing Debt: 9983 had no debt 5 years ago.

Debt Coverage: 9983 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9983 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Central China New Life 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


11.59%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9983's dividend (11.59%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 9983's dividend (11.59%) is in the top 25% of dividend payers in the Hong Kong market (7.89%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 9983 has been paying a dividend for less than 10 years.

Growing Dividend: 9983's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (80%), 9983's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (338.5%), 9983'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?

2.0yrs

Average management tenure


CEO

Jun Wang (40 yo)

no data

Tenure

Mr. Jun Wang serves as Non-Executive Director at Central China Real Estate Limited since 2022 and also served as Chief Executive Officer since March 31, 2021 until February 14, 2022. He has been Non-Execut...


Leadership Team

Experienced Management: 9983's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: 9983's board of directors are not considered experienced ( 2.2 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 New Life Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Central China New Life Limited
  • Ticker: 9983
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$5.013b
  • Shares outstanding: 1.27b
  • Website: https://www.ccnewlife.com.cn

Number of Employees


Location

  • Central China New Life Limited
  • PICC Plaza
  • Unit 1905
  • 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 Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 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.