company background image
9909

Powerlong Commercial Management Holdings SZSC:9909 Stock Report

Last Price

HK$6.37

Market Cap

HK$4.1b

7D

4.9%

1Y

-77.1%

Updated

26 Jun, 2022

Data

Company Financials +
9909 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends3/6

9909 Stock Overview

Powerlong Commercial Management Holdings Limited, together with its subsidiaries, engages in commercial operational and residential property management businesses in the People’s Republic of China.

Powerlong Commercial Management Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Powerlong Commercial Management Holdings
Historical stock prices
Current Share PriceHK$6.37
52 Week HighHK$28.40
52 Week LowHK$4.99
Beta0.090
1 Month Change8.33%
3 Month Change9.83%
1 Year Change-77.09%
3 Year Changen/a
5 Year Changen/a
Change since IPO-73.79%

Recent News & Updates

Shareholder Returns

9909HK Real EstateHK Market
7D4.9%4.3%2.1%
1Y-77.1%-34.5%-23.3%

Return vs Industry: 9909 underperformed the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 9909 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 9909's price volatile compared to industry and market?
9909 volatility
9909 Average Weekly Movement13.5%
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: 9909 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: 9909's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
19936,886De Li Chenhttps://www.powerlongcm.com

Powerlong Commercial Management Holdings Limited, together with its subsidiaries, engages in commercial operational and residential property management businesses in the People’s Republic of China. It offers commercial operational services, including business tenant management; rent collection; and other value-added services, such as car parking, common area, and advertising space management services, as well as market research and positioning, business tenant sourcing, and opening preparation services for property developers, tenants, and owners of shopping malls and retail commercial properties under the Powerlong One Mall, Powerlong City, Powerlong Plaza, and Powerlong Land brand names. The company also provides commercial property management services, such as security, gardening, cleaning, repair, and maintenance services for tenants.

Powerlong Commercial Management Holdings Fundamentals Summary

How do Powerlong Commercial Management Holdings's earnings and revenue compare to its market cap?
9909 fundamental statistics
Market CapCN¥3.49b
Earnings (TTM)CN¥438.14m
Revenue (TTM)CN¥2.46b

8.0x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9909 income statement (TTM)
RevenueCN¥2.46b
Cost of RevenueCN¥1.64b
Gross ProfitCN¥821.83m
Other ExpensesCN¥383.69m
EarningsCN¥438.14m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin33.35%
Net Profit Margin17.78%
Debt/Equity Ratio0%

How did 9909 perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9909 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 9909?

Other financial metrics that can be useful for relative valuation.

9909 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/Revenue0.06x
Enterprise Value/EBITDA0.2x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does 9909's PE Ratio compare to its peers?

9909 PE Ratio vs Peers
The above table shows the PE ratio for 9909 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.5x

Price-To-Earnings vs Peers: 9909 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (16.5x).


Price to Earnings Ratio vs Industry

How does 9909's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Earnings vs Industry: 9909 is expensive based on its Price-To-Earnings Ratio (8x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 9909'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.

9909 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ratio5.1x

Price-To-Earnings vs Fair Ratio: 9909 is expensive based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).


Share Price vs Fair Value

What is the Fair Price of 9909 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9909 (HK$6.37) is trading below our estimate of fair value (HK$48.17)

Significantly Below Fair Value: 9909 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 9909 is good value based on its PEG Ratio (0.4x)


Discover undervalued companies

Future Growth

How is Powerlong Commercial Management Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 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


22.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9909's forecast earnings growth (22.7% per year) is above the savings rate (1.5%).

Earnings vs Market: 9909's earnings (22.7% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 9909's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9909's revenue (21.1% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 9909's revenue (21.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9909's Return on Equity is forecast to be high in 3 years time (26%)


Discover growth companies

Past Performance

How has Powerlong Commercial Management Holdings 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


33.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9909 has high quality earnings.

Growing Profit Margin: 9909's current net profit margins (17.8%) are higher than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: 9909's earnings have grown significantly by 33.8% per year over the past 5 years.

Accelerating Growth: 9909's earnings growth over the past year (43.6%) exceeds its 5-year average (33.8% per year).

Earnings vs Industry: 9909 earnings growth over the past year (43.6%) exceeded the Real Estate industry 13.4%.


Return on Equity

High ROE: 9909's Return on Equity (17.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Powerlong Commercial Management Holdings'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: 9909's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.9B).

Long Term Liabilities: 9909's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥716.2M).


Debt to Equity History and Analysis

Debt Level: 9909 is debt free.

Reducing Debt: 9909 has no debt compared to 5 years ago when its debt to equity ratio was 4977.2%.

Debt Coverage: 9909 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9909 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Powerlong Commercial Management Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.98%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9909's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 9909's dividend (6.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: 9909 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 9909's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.9%), 9909's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.4%), 9909's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.5yrs

Average management tenure


CEO

De Li Chen (47 yo)

2yrs

Tenure

Mr. De Li Chen has been Chief Executive Officer of Powerlong Commercial Management Holdings Limited since June 1, 2020 and serves as its Executive Director since June 15, 2020. Mr. Chen joined Powerlong Co...


Leadership Team

Experienced Management: 9909's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 9909's board of directors are not considered experienced ( 2.7 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: 9909 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

Powerlong Commercial Management Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Powerlong Commercial Management Holdings Limited
  • Ticker: 9909
  • Exchange: SZSC
  • Founded: 1993
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$4.095b
  • Shares outstanding: 642.90m
  • Website: https://www.powerlongcm.com

Number of Employees


Location

  • Powerlong Commercial Management Holdings Limited
  • Powerlong Tower
  • 1399 Xinzhen Road
  • Shanghai
  • 201101
  • 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.