OTCPK:CEST.Y

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Executive Summary

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Chinese Estates Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CEST.Y

6.2%

US Real Estate

2.8%

US Market


1 Year Return

-26.5%

CEST.Y

-18.6%

US Real Estate

9.3%

US Market

Return vs Industry: CEST.Y matched the US Real Estate industry which returned -26.5% over the past year.

Return vs Market: CEST.Y underperformed the US Market which returned 3.7% over the past year.


Shareholder returns

CEST.YIndustryMarket
7 Day0%6.2%2.8%
30 Day0%7.9%8.9%
90 Dayn/a-28.5%-0.5%
1 Year-25.5%-26.5%-18.0%-18.6%11.8%9.3%
3 Yearn/a-21.0%-22.8%31.4%22.7%
5 Year-46.8%-77.9%-26.3%-28.5%58.7%40.9%

Price Volatility Vs. Market

How volatile is Chinese Estates Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Chinese Estates Holdings undervalued compared to its fair value and its price relative to the market?

8.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CEST.Y ($13.97) is trading above our estimate of fair value ($0.78)

Significantly Below Fair Value: CEST.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CEST.Y is good value based on its PE Ratio (8.1x) compared to the Real Estate industry average (14.8x).

PE vs Market: CEST.Y is good value based on its PE Ratio (8.1x) compared to the US market (15x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CEST.Y's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEST.Y is good value based on its PB Ratio (0.2x) compared to the US Real Estate industry average (1x).

Future Growth

How is Chinese Estates Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.6%

Forecasted Real Estate industry annual growth in earnings


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 Chinese Estates Holdings 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 SimplyWall St do have past financial data.

Past Performance

How has Chinese Estates Holdings performed over the past 5 years?

-36.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEST.Y has a large one-off loss of HK$1.1B impacting its December 31 2019 financial results.

Growing Profit Margin: CEST.Y's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: CEST.Y's earnings have declined by -36.7% per year over the past 5 years.

Accelerating Growth: CEST.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CEST.Y had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: CEST.Y's Return on Equity (2.4%) is considered low.

Financial Health

How is Chinese Estates Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CEST.Y's short term assets (HK$8.7B) do not cover its short term liabilities (HK$9.8B).

Long Term Liabilities: CEST.Y's short term assets (HK$8.7B) exceed its long term liabilities (HK$4.9B).


Debt to Equity History and Analysis

Debt Level: CEST.Y's debt to equity ratio (40%) is considered high.

Reducing Debt: CEST.Y's debt to equity ratio has reduced from 40% to 40% over the past 5 years.

Debt Coverage: CEST.Y's operating cash flow is negative, therefore debt is not well covered.

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


Balance Sheet

Dividend

What is Chinese Estates Holdings's current dividend yield, its reliability and sustainability?

0.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEST.Y's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: CEST.Y's dividend (0.6%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: CEST.Y is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CEST.Y is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CEST.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CEST.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

8.3yrs

Average board tenure


CEO

Sue Chan (41yo)

4.5yrs

Tenure

HK$2,104,000

Compensation

Ms. Chan Sze-wan, also known as Sue, has been Chief Executive Officer of Chinese Estates Holdings Limited since November 1, 2015. Ms. Chan served as the Manager of Sales & Leasing Department at Chinese Est ...


CEO Compensation Analysis

Compensation vs Market: Sue's total compensation ($USD271.27K) is below average for companies of similar size in the US market ($USD3.24M).

Compensation vs Earnings: Sue's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Sze-wan Chan
CEO & Executive Director4.5yrsHK$2.10mno data
Kwong-wai Lam
Group Financial Controller8.33yrsHK$3.05mno data
Lok-wan Chan
Manager of Sales & Leasing and Executive Director4.83yrsHK$926.00kno data
Hoi-wan Chan
Executive Director3.25yrsHK$105.00k50.02% HK$413.4m
Kwok-Wai Chan
Independent Non-Executive Director15.67yrsHK$300.00kno data
Tsz Chun Ma
Independent Non-Executive Director11.5yrsHK$300.00kno data
Yuk-Wai Lau
Non-Executive Director15.67yrsHK$240.00kno data
Lai Ping Loh
Independent Non-Executive Director14.33yrsHK$300.00kno data
Ming-wai Lau
Chairman of the Board6.17yrsHK$300.00k24.97% HK$206.4m

8.3yrs

Average Tenure

53yo

Average Age

Experienced Board: CEST.Y's board of directors are considered experienced (8.3 years average tenure).


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

Chinese Estates Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chinese Estates Holdings Limited
  • Ticker: CEST.Y
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$6.410b
  • Listing Market Cap: HK$826.392m
  • Shares outstanding: 1.91b
  • Website: https://www.chineseestates.com

Number of Employees


Location

  • Chinese Estates Holdings Limited
  • China Evergrande Centre
  • 26th Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
127SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
CQ3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
CEST.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
127SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
127SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
CEST.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

Chinese Estates Group (the "Group") is one of the leading property developers in Hong Kong. Chinese Estates Holdings Limited is the holding company of the Group and it is publicly listed on The Stock Exchange of Hong Kong Limited with stock code: 127. Chinese Estates' core businesses comprise of property investment for rental and property development for sale. The Group focuses primarily in Hong Kong, and diversifies its property interests to mainland China and the United Kingdom. The Group's investment properties include retail and office assets. Most of the investment properties of Chinese Estates are highly accessible and strategically located in prime commercial areas in Hong Kong such as Causeway Bay and Wanchai. In mainland China, Chinese Estates owns a five-star international hotel in Beijing. In the United Kingdom, Chinese Estates owns four investment properties in London. Over the past twenty years, Chinese Estates has built a reputation for conceptualising and implementing redevelopment, renovation works and repackaging programmes to enhance the value and revenue of its investment properties. Chinese Estates specializes in developing mid to high-end commercial and residential property projects. A number of quality and cosmopolitan residential properties are developed for sale. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/23 08:39
End of Day Share Price2020/02/25 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.