OTCPK:CAOV.Y

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China Overseas Land & Investment

Executive Summary

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury operations.


Snowflake Analysis

Very undervalued established dividend payer.


Similar Companies

Share Price & News

How has China Overseas Land & Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAOV.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

CAOV.Y

7.5%

US Real Estate

2.9%

US Market


1 Year Return

-11.4%

CAOV.Y

-17.4%

US Real Estate

9.5%

US Market

Return vs Industry: CAOV.Y exceeded the US Real Estate industry which returned -17.3% over the past year.

Return vs Market: CAOV.Y underperformed the US Market which returned 9.1% over the past year.


Shareholder returns

CAOV.YIndustryMarket
7 Day1.0%7.5%2.9%
30 Day-14.3%2.4%5.1%
90 Day-8.6%-25.9%2.5%
1 Year-8.7%-11.4%-16.9%-17.4%12.0%9.5%
3 Year12.4%3.0%-19.9%-21.7%30.8%22.1%
5 Year-1.9%-15.5%-26.6%-28.9%57.4%39.7%

Price Volatility Vs. Market

How volatile is China Overseas Land & Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Overseas Land & Investment undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAOV.Y ($15.4) is trading below our estimate of fair value ($99.73)

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


Price To Earnings Ratio

PE vs Industry: CAOV.Y is good value based on its PE Ratio (5.7x) compared to the Real Estate industry average (15.7x).

PE vs Market: CAOV.Y is good value based on its PE Ratio (5.7x) compared to the US market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: CAOV.Y is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: CAOV.Y is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is China Overseas Land & Investment forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAOV.Y's forecast earnings growth (9.3% per year) is above the savings rate (2.2%).

Earnings vs Market: CAOV.Y's earnings (9.3% per year) are forecast to grow slower than the US market (21.7% per year).

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

Revenue vs Market: CAOV.Y's revenue (17.3% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: CAOV.Y's revenue (17.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAOV.Y's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

Past Performance

How has China Overseas Land & Investment performed over the past 5 years?

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAOV.Y has high quality earnings.

Growing Profit Margin: CAOV.Y's current net profit margins (25.4%) are lower than last year (26.2%).


Past Earnings Growth Analysis

Earnings Trend: CAOV.Y's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: CAOV.Y's earnings growth over the past year (10.3%) is below its 5-year average (11.2% per year).

Earnings vs Industry: CAOV.Y earnings growth over the past year (10.3%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: CAOV.Y's Return on Equity (14.8%) is considered low.


Next Steps

Financial Health

How is China Overseas Land & Investment's financial position?


Financial Position Analysis

Short Term Liabilities: CAOV.Y's short term assets (CN¥560.6B) exceed its short term liabilities (CN¥258.2B).

Long Term Liabilities: CAOV.Y's short term assets (CN¥560.6B) exceed its long term liabilities (CN¥176.5B).


Debt to Equity History and Analysis

Debt Level: CAOV.Y's debt to equity ratio (70.3%) is considered high.

Reducing Debt: CAOV.Y's debt to equity ratio has reduced from 100.5% to 70.3% over the past 5 years.

Debt Coverage: CAOV.Y's debt is not well covered by operating cash flow (4.9%).

Interest Coverage: CAOV.Y earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is China Overseas Land & Investment's current dividend yield, its reliability and sustainability?

4.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAOV.Y's dividend (4.28%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: CAOV.Y's dividend (4.28%) is low compared to the top 25% of dividend payers in the US market (4.48%).


Stability and Growth of Payments

Stable Dividend: CAOV.Y's dividends per share have been stable in the past 10 years.

Growing Dividend: CAOV.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24%), CAOV.Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAOV.Y's dividends in 3 years are forecast to be well covered by earnings (28.6% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

ZhiChao Zhang (40yo)

0.17

Tenure

Mr. Zhang ZhiChao serves as Chief Executive Officer and Executive Director at China Overseas Land & Investment Limited since February 11, 2020. Mr. Zhang has been serving as Assistant President at China Ov ...


Leadership Team

NamePositionTenureCompensationOwnership
Jianguo Yan
Executive Chairman2.92yrsCN¥6.85mno data
Liang Luo
Vice Chairman0.17yrCN¥11.76mno data
Guanghui Guo
VP & Executive Director1.92yrsCN¥9.79mno data
ZhiChao Zhang
CEO & Executive Director0.17yrno datano data
Yong Zhuang
Vice Chairman0.17yrno datano data
Sai Kit Lui
Chief Financial officer2.33yrsno datano data
Michael Jiang
Head, Investor Relationsno datano datano data
Dapeng Qi
Vice Presidentno datano datano data
Yong Guo
Vice President7.75yrsCN¥4.28mno data
Yi Zhang
Vice Presidentno datano datano data

2.8yrs

Average Tenure

52yo

Average Age

Experienced Management: CAOV.Y's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jianguo Yan
Executive Chairman2.92yrsCN¥6.85mno data
Liang Luo
Vice Chairman0.17yrCN¥11.76mno data
Guanghui Guo
VP & Executive Director1.92yrsCN¥9.79mno data
ZhiChao Zhang
CEO & Executive Director0.17yrno datano data
Yong Zhuang
Vice Chairman0.17yrno datano data
Yong Zhou
President of China Overseas (Hong Kong) Ltd & Executive Director of China Overseas (Hong Kong) Ltdno datano datano data
Wenjie Sun
Honourable Chairman15.17yrsCN¥320.00kno data
Kwong Siu Lam
Independent Non-Executive Director16.67yrsCN¥436.00kno data
Man-Bun Li
Independent Non Executive Director7.17yrsCN¥436.00k0.050% CN¥16.6m
Lai-Tai Fan Hsu
Independent Non-Executive Director11.17yrsCN¥436.00k0.00027% CN¥90.1k

2.9yrs

Average Tenure

50.5yo

Average Age

Experienced Board: CAOV.Y's board of directors are not considered experienced ( 2.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Overseas Land & Investment Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Overseas Land & Investment Limited
  • Ticker: CAOV.Y
  • Exchange: OTCPK
  • Founded: 1979
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$258.566b
  • Listing Market Cap: HK$33.354b
  • Shares outstanding: 10.96b
  • Website: https://www.coli.com.hk

Number of Employees


Location

  • China Overseas Land & Investment Limited
  • Three Pacific Place
  • 10th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAOV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1992
CPPDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1992
688SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 1992
688SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 1992
688SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 1992
CAOV.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and treasury operations. It operates through Property Development, Property Investment, and Other Operations segments. The company is involved in the investment, development, and rental of residential and commercial properties; issuance of guaranteed notes; property consultancy and real estate agency; and loan financing, security investment, and hotel management activities. It also provides commercial project; real estate management; and construction and building design consultancy services. The company primarily operates in Hong Kong, Macau, Guangzhou, Shanghai, Beijing, Tianjin, Jinan, Foshan, Chengdu, Nanjing, Suzhou, Shenyang, and other regions in the People’s Republic of China. The company was incorporated in 1979 and is based in Central, Hong Kong. China Overseas Land & Investment Limited is a subsidiary of China Overseas Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 10:18
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.