1996 Stock Overview
Redsun Properties Group Limited, together with its subsidiaries, engages in the property development business in the People’s Republic of China.
Redsun Properties Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.05|
|52 Week High||HK$2.85|
|52 Week Low||HK$1.04|
|1 Month Change||-7.90%|
|3 Month Change||-57.83%|
|1 Year Change||-57.49%|
|3 Year Change||-57.66%|
|5 Year Change||n/a|
|Change since IPO||-61.11%|
Recent News & Updates
|1996||HK Real Estate||HK Market|
Return vs Industry: 1996 underperformed the Hong Kong Real Estate industry which returned -28.4% over the past year.
Return vs Market: 1996 underperformed the Hong Kong Market which returned -24.2% over the past year.
|1996 Average Weekly Movement||9.1%|
|Real Estate Industry Average Movement||5.6%|
|Market Average Movement||6.4%|
|10% most volatile stocks in HK Market||12.9%|
|10% least volatile stocks in HK Market||3.0%|
Stable Share Price: 1996 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: 1996's weekly volatility (9%) has been stable over the past year.
About the Company
Redsun Properties Group Limited, together with its subsidiaries, engages in the property development business in the People’s Republic of China. It operates through three segments: Property Development, Commercial Property Investment and Operations, and Hotel Operations. The company focuses on the development of residential properties; and development, operation, and management of commercial and other properties.
Redsun Properties Group Fundamentals Summary
|1996 fundamental statistics|
Is 1996 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1996 income statement (TTM)|
|Cost of Revenue||CN¥22.14b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.055|
|Net Profit Margin||-0.70%|
How did 1996 perform over the long term?See historical performance and comparison
Is 1996 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 1996?
Other financial metrics that can be useful for relative valuation.
|What is 1996's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 1996's PS Ratio compare to its peers?
|1996 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
185 Zensun Enterprises
978 China Merchants Land
798 China Electronics Optics Valley Union Holding
1966 China SCE Group Holdings
1996 Redsun Properties Group
Price-To-Sales vs Peers: 1996 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (0.3x).
Price to Earnings Ratio vs Industry
How does 1996's PE Ratio compare vs other companies in the HK Real Estate Industry?
Price-To-Sales vs Industry: 1996 is good value based on its Price-To-Sales Ratio (0.1x) compared to the Hong Kong Real Estate industry average (0.9x)
Price to Sales Ratio vs Fair Ratio
What is 1996's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.1x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: 1996 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of 1996 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1996 (HK$1.05) is trading below our estimate of fair value (HK$1.09)
Significantly Below Fair Value: 1996 is trading below fair value, but not by a significant amount.
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 there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Redsun Properties Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1996 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 1996 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1996 is expected to become profitable in the next 3 years.
Revenue vs Market: 1996's revenue (13.4% per year) is forecast to grow faster than the Hong Kong market (9.9% per year).
High Growth Revenue: 1996's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1996's Return on Equity is forecast to be high in 3 years time
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How has Redsun Properties Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1996 is currently unprofitable.
Growing Profit Margin: 1996 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1996 is unprofitable, and losses have increased over the past 5 years at a rate of 7.3% per year.
Accelerating Growth: Unable to compare 1996's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1996 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-10.4%).
Return on Equity
High ROE: 1996 has a negative Return on Equity (1.54%), as it is currently unprofitable.
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How is Redsun Properties Group's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 1996's short term assets (CN¥90.2B) exceed its short term liabilities (CN¥71.3B).
Long Term Liabilities: 1996's short term assets (CN¥90.2B) exceed its long term liabilities (CN¥18.1B).
Debt to Equity History and Analysis
Debt Level: 1996's net debt to equity ratio (58.1%) is considered high.
Reducing Debt: 1996's debt to equity ratio has reduced from 151.9% to 90.6% over the past 5 years.
Debt Coverage: 1996's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 1996's interest payments on its debt are not well covered by EBIT (2x coverage).
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What is Redsun Properties Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1996's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1996'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 1996's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1996's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 1996 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 1996 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Huansha Zeng (54 yo)
Mr. Huansha Zeng has been Chairman and Executive Director of Redsun Properties Group Limited since December 21, 2017 and also serves as Chief Executive Officer from June 30, 2022 and was re-designated as t...
CEO Compensation Analysis
Compensation vs Market: Huansha's total compensation ($USD161.50K) is below average for companies of similar size in the Hong Kong market ($USD423.99K).
Compensation vs Earnings: Huansha's compensation has been consistent with company performance over the past year.
Experienced Management: 1996's management team is considered experienced (2.1 years average tenure).
Experienced Board: 1996's board of directors are considered experienced (4.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Redsun Properties Group Limited's employee growth, exchange listings and data sources
- Name: Redsun Properties Group Limited
- Ticker: 1996
- Exchange: SZSC
- Founded: 1999
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: HK$3.506b
- Shares outstanding: 3.34b
- Website: https://www.rsunproperty.hk
Number of Employees
- Redsun Properties Group Limited
- Redsun Tower, Building 12, Phase 2
- 6th Floor, Zhongjun Plaza
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1996||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jul 2018|
|1996||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jul 2018|
|0RJ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2018|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/18 00:00|
|End of Day Share Price||2022/09/16 00:00|
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.