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Nam Tai Property Inc. operates as a property development and management company in the People’s Republic of China. The last earnings update was 16 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Nam Tai Property (NTP) | -2.2% | -2.2% | -0.6% | -30.7% | 71.2% | 45.5% |
US Real Estate | 3.2% | 11.7% | 8.2% | -5.2% | 44.8% | 10.3% |
US Market | 0.5% | 6.3% | 1.9% | 2% | 45.1% | 40.5% |
Sorry, no analysis for Nam Tai Property's competitors could be found in our database.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Nam Tai Property.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
Discount Rate (Cost of Equity) | See below | 11.4% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.19 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 25%) (0%)) |
1.187 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.19 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.187 * 7.27%) |
11.36% |
Discounted Cash Flow Calculation for NYSE:NTP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Nam Tai Property is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 16.86 | 16.27 | 15.70 | 15.14 | 14.61 |
Source | Est @ -3.52% | Est @ -3.52% | Est @ -3.52% | Est @ -3.52% | Est @ -3.52% |
Present Value Discounted (@ 11.36%) |
15.14 | 13.12 | 11.37 | 9.85 | 8.53 |
Present value of next 5 years cash flows | $58.00 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $14.61 × (1 + 2.73%) ÷ (11.36% – 2.73%) |
$173.95 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $173.95 ÷ (1 + 11.36%)5 |
$101.58 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $58.00 + $101.58 |
$159.58 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $159.58 / 37.58 |
$4.25 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $4.25 |
Current discount | Discount to share price of
$8.80
= -1 x ($8.80 - $4.25) / $4.25 |
-107.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.35 |
NYSE:NTP Share Price ** | NYSE (2019-02-13) in USD | $8.8 |
United States of America Real Estate Industry PE Ratio | Median Figure of 29 Publicly-Listed Real Estate Companies | 14.59x |
United States of America Market PE Ratio | Median Figure of 3,046 Publicly-Listed Companies | 16.95x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nam Tai Property.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:NTP Share Price ÷ EPS (both in USD) = 8.8 ÷ -0.35 |
-25.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | -25.11x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
United States of America Real Estate Industry PEG Ratio | Median Figure of 14 Publicly-Listed Real Estate Companies | 0.39x |
United States of America Market PEG Ratio | Median Figure of 2,117 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-12-31) in USD | $5.90 |
NYSE:NTP Share Price * | NYSE (2019-02-13) in USD | $8.8 |
United States of America Real Estate Industry PB Ratio | Median Figure of 57 Publicly-Listed Real Estate Companies | 1.48x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.81x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:NTP Share Price ÷ Book Value per Share (both in USD) = 8.8 ÷ 5.90 |
1.49x |
* Primary Listing of Nam Tai Property.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
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 Nam Tai Property 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 Simply Wall St do have past financial data. You can see them here.
Data Point | Source | Value (per year) |
---|---|---|
United States of America Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 10.2% |
United States of America Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 9.4% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-12-31 | 0 | -9 | -13 |
2018-09-30 | 0 | -7 | -9 |
2018-06-30 | 1 | -3 | -3 |
2018-03-31 | 1 | -1 | 5 |
2017-12-31 | 2 | 2 | 4 |
2017-09-30 | 2 | 1 | 1 |
2017-06-30 | 2 | -1 | -3 |
2017-03-31 | 2 | -4 | -7 |
2016-12-31 | 3 | -5 | -10 |
2016-09-30 | 3 | -4 | -9 |
2016-06-30 | 3 | -6 | -17 |
2016-03-31 | 3 | -9 | -14 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Nam Tai Property Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * |
---|---|
2018-12-31 | -0.35 |
2018-09-30 | -0.25 |
2018-06-30 | -0.09 |
2018-03-31 | 0.13 |
2017-12-31 | 0.11 |
2017-09-30 | 0.03 |
2017-06-30 | -0.07 |
2017-03-31 | -0.20 |
2016-12-31 | -0.26 |
2016-09-30 | -0.25 |
2016-06-30 | -0.45 |
2016-03-31 | -0.35 |
*GAAP earnings excluding extraordinary items.
How has Nam Tai Property performed over the past 5 years?
All data from Nam Tai Property Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-12-31 | 0.49 | -13.25 | 21.22 | |
2018-09-30 | 0.19 | -9.45 | 24.11 | |
2018-06-30 | 0.72 | -3.23 | 11.99 | |
2018-03-31 | 1.26 | 4.70 | 11.71 | |
2017-12-31 | 1.85 | 3.94 | 9.28 | |
2017-09-30 | 2.27 | 1.19 | 9.04 | |
2017-06-30 | 2.35 | -2.65 | 9.15 | |
2017-03-31 | 2.45 | -7.38 | 8.12 | |
2016-12-31 | 2.51 | -9.53 | 8.36 | |
2016-09-30 | 2.58 | -9.30 | 11.25 | |
2016-06-30 | 2.65 | -16.94 | 12.18 | |
2016-03-31 | 2.81 | -13.58 | 13.16 | |
2015-12-31 | 2.98 | -13.16 | 13.86 | |
2015-09-30 | 3.13 | -13.99 | 15.27 | |
2015-06-30 | 3.27 | -1.25 | 14.25 | |
2015-03-31 | 3.06 | -2.14 | 14.42 | |
2014-12-31 | 2.34 | -25.59 | 13.31 | |
2014-09-30 | 1.54 | 3.89 | 8.68 | |
2014-06-30 | 0.74 | 1.49 | 7.75 | |
2014-03-31 | 0.24 | 1.02 | 7.28 | |
2013-12-31 | 0.14 | 5.26 | 7.47 | |
2013-09-30 | 312.31 | 21.53 | 11.23 | |
2013-06-30 | 488.27 | 31.75 | 15.64 | |
2013-03-31 | 590.30 | 38.08 | 17.57 | |
2012-12-31 | 0.09 | -2.88 | 4.61 | |
2012-09-30 | 494.99 | 14.57 | 22.77 | |
2012-06-30 | 405.41 | 0.65 | 20.68 | |
2012-03-31 | 470.48 | -0.78 | 26.40 |
*GAAP earnings excluding extraordinary items.
How is Nam Tai Property's financial health and their level of debt?
All data from Nam Tai Property Company Filings, last reported 1 month ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-12-31 | 227.89 | 0.01 | 62.92 |
2018-09-30 | 230.57 | 0.01 | 47.19 |
2018-06-30 | 241.44 | 0.01 | 158.09 |
2018-03-31 | 255.93 | 0.00 | 169.89 |
2017-12-31 | 244.36 | 0.00 | 165.17 |
2017-09-30 | 251.72 | 0.00 | 161.41 |
2017-06-30 | 244.26 | 0.00 | 115.99 |
2017-03-31 | 239.49 | 0.00 | 73.18 |
2016-12-31 | 236.35 | 0.00 | 94.56 |
2016-09-30 | 255.18 | 0.00 | 89.54 |
2016-06-30 | 259.39 | 0.00 | 145.89 |
2016-03-31 | 265.22 | 0.00 | 146.80 |
2015-12-31 | 265.57 | 0.00 | 157.37 |
2015-09-30 | 276.38 | 0.00 | 187.99 |
2015-06-30 | 310.14 | 55.00 | 232.46 |
2015-03-31 | 316.97 | 40.00 | 183.47 |
2014-12-31 | 316.95 | 40.00 | 212.76 |
2014-09-30 | 331.13 | 40.00 | 110.88 |
2014-06-30 | 333.41 | 40.00 | 52.95 |
2014-03-31 | 341.78 | 0.00 | 20.53 |
2013-12-31 | 363.39 | 0.00 | 68.71 |
2013-09-30 | 357.73 | 0.00 | 163.14 |
2013-06-30 | 339.69 | 0.00 | 147.03 |
2013-03-31 | 370.83 | 4.44 | 150.55 |
2012-12-31 | 362.79 | 0.00 | 157.84 |
2012-09-30 | 352.90 | 0.00 | 155.24 |
2012-06-30 | 327.97 | 14.37 | 147.35 |
2012-03-31 | 318.57 | 10.54 | 139.48 |
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
What is Nam Tai Property's current dividend yield, its reliability and sustainability?
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
United States of America Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.3% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-09-17 | 0.280 | 3.053 |
2018-06-20 | 0.280 | 2.673 |
2018-04-11 | 0.280 | 2.314 |
2017-12-18 | 0.280 | 2.178 |
2017-06-19 | 0.280 | 2.641 |
2017-03-20 | 0.280 | 3.657 |
2016-12-12 | 0.280 | 3.819 |
2016-09-19 | 0.080 | 1.030 |
2016-08-01 | 0.080 | 1.124 |
2015-12-23 | 0.080 | 1.420 |
2015-08-03 | 0.080 | 1.416 |
2015-06-24 | 0.080 | 1.693 |
2015-03-18 | 0.080 | 1.726 |
2014-12-19 | 0.080 | 1.734 |
2014-08-04 | 0.080 | 1.418 |
2014-04-28 | 0.080 | 1.091 |
2014-03-14 | 0.080 | 1.243 |
2014-01-27 | 0.080 | 1.340 |
2012-11-05 | 0.600 | 6.690 |
2012-02-13 | 0.280 | 4.375 |
2011-10-31 | 0.280 | 4.962 |
2010-11-01 | 0.200 | 3.406 |
2010-08-02 | 0.000 | 0.000 |
2010-05-03 | 0.000 | 0.000 |
2010-03-16 | 0.000 | 0.000 |
2010-02-08 | 0.000 | 0.000 |
2009-11-02 | 0.000 | 0.000 |
2009-08-03 | 0.000 | 0.000 |
2009-05-12 | 0.000 | 0.000 |
2009-02-17 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Chi Kwok Ying has been the Chief Executive Officer at Nam Tai Property Inc. since February 1, 2018 and its Chairman since June 4, 2018. He serves as Executive Director at Nam Tai Property Inc. since October 2017. Mr. Kwok served as Vice Chairman of Kaisa Group Holdings Ltd. since 1999 and served as its Non Executive Director from 1999 to December 31, 2014. Mr. Kwok is primarily responsible for overall project planning. Since 1999, Mr. Kwok has been In-Charge of Project Planning and Management for Kaisa Group's Property Developments. Mr. Kwok led the implementation of Kaisa Group's Business expansion strategy, through which it established its presence in nine cities in China. Earlier, he served as a Director of Kaisa Group Holdings Ltd., since 1999 until August 08, 2007.
Average tenure and age of the Nam Tai Property management team in years:
Average tenure and age of the Nam Tai Property board of directors in years:
Nam Tai Property Inc (NYSE:NTP) delivered a less impressive 1.84% ROE over the past year, compared to the 10.60% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into NTP's past performance … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of NTP's returns.
Simply Wall St - – Full articleView our latest analysis for Nam Tai Property 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability. … Given that this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you.
Simply Wall St - – Full articleReal estate analysts are forecasting for the entire industry, negative growth in the upcoming year , and an overall negative growth rate in the next couple of years. … Given the lack of analyst consensus in Nam Tai Property’s outlook, we could potentially assume the stock’s growth rate broadly follows its real estate industry peers. … Although it is expected to deliver lower growth on an industry level relative to the rest of the market, it is also trading at a PE below the average stock.
Simply Wall St - – Full articleTo qualify for the dividend check of $0.07 per share, investors must have owned the shares prior to 28 December 2017, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … View our latest analysis for Nam Tai Property How I analyze a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward.
Simply Wall St - – Full article
Nam Tai Property Inc. operates as a property development and management company in the People’s Republic of China. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes. The company was formerly known as Nam Tai Electronics, Inc. and changed its name to Nam Tai Property Inc. in April 2014. Nam Tai Property Inc. was founded in 1975 and is headquartered in Shenzhen, the People’s Republic of China.
Name: | Nam Tai Property Inc. |
NTP | |
Exchange: | NYSE |
Founded: | 1975 |
$330,668,720 | |
37,575,991 | |
Website: | http://www.namtai.com |
Address: |
Nam Tai Property Inc. Nam Tai Estate, No. 2, Namtai Road, Shenzhen, Guangdong Province, China |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | NTP | Common Shares | New York Stock Exchange | US | USD | 28. Mar 1988 |
Real Estate Operating Companies | |
Real Estate |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/13 23:54 |
End of day share price update: | 2019/02/13 00:00 |
Last earnings filing: | 2019/01/28 |
Last earnings reported: | 2018/12/31 |
Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.