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China Vanke

OTCPK:CHVK.F
Snowflake Description

High growth potential, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CHVK.F
OTCPK
CN¥312B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

China Vanke Co., Ltd., a real-estate company, develops and sells properties in the People’s Republic of China. The last earnings update was 17 days ago. More info.


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CHVK.F Share Price and Events
7 Day Returns
0%
OTCPK:CHVK.F
-5.8%
US Real Estate
-3.9%
US Market
1 Year Returns
-1.8%
OTCPK:CHVK.F
-14.8%
US Real Estate
1.4%
US Market
CHVK.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Vanke (CHVK.F) 0% -12.3% - -1.8% - -
US Real Estate -5.8% -8.3% -7.1% -14.8% 21.3% 4.4%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • CHVK.F outperformed the Real Estate industry which returned -14.8% over the past year.
  • CHVK.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
CHVK.F
Industry
5yr Volatility vs Market

Value

 Is China Vanke undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Vanke to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Vanke.

OTCPK:CHVK.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CHVK.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 25%) (85.65%))
1.567
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.567 * 5.96%)
12.07%

Discounted Cash Flow Calculation for OTCPK:CHVK.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Vanke is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:CHVK.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.07%)
2019 55,800.50 Analyst x2 49,791.09
2020 -7,415.69 Analyst x1 -5,904.44
2021 54,515.88 Analyst x2 38,731.44
2022 55,979.29 Est @ 2.68% 35,488.00
2023 57,489.65 Est @ 2.7% 32,520.51
2024 59,046.27 Est @ 2.71% 29,803.94
2025 60,648.99 Est @ 2.71% 27,316.08
2026 62,298.07 Est @ 2.72% 25,037.03
2027 63,994.03 Est @ 2.72% 22,948.87
2028 65,737.63 Est @ 2.72% 21,035.33
Present value of next 10 years cash flows CN¥276,767.85
OTCPK:CHVK.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥65,737.63 × (1 + 2.73%) ÷ (12.07% – 2.73%)
CN¥723,101.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥723,101.60 ÷ (1 + 12.07%)10
CN¥231,384.71
OTCPK:CHVK.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥276,767.85 + CN¥231,384.71
CN¥508,152.55
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥508,152.55 / 11,302.14
CN¥44.96
OTCPK:CHVK.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CHVK.F represents 0.13776x of SZSE:000002
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13776x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 44.96 x 0.13776
$6.19
Value per share (USD) From above. $6.19
Current discount Discount to share price of $3.86
= -1 x ($3.86 - $6.19) / $6.19
37.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Vanke is available for.
Intrinsic value
38%
Share price is $3.86 vs Future cash flow value of $6.19
Current Discount Checks
For China Vanke to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Vanke's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Vanke's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Vanke's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Vanke's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CHVK.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥3.08
SZSE:000002 Share Price ** SZSE (2019-05-06) in CNY CN¥28.02
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 16x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Vanke.

OTCPK:CHVK.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:000002 Share Price ÷ EPS (both in CNY)

= 28.02 ÷ 3.08

9.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Vanke is good value based on earnings compared to the US Real Estate industry average.
  • China Vanke is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Vanke's expected growth come at a high price?
Raw Data
OTCPK:CHVK.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
15.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.34x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:CHVK.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.09x ÷ 15.6%

0.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Vanke is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Vanke's assets?
Raw Data
OTCPK:CHVK.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥14.27
SZSE:000002 Share Price * SZSE (2019-05-06) in CNY CN¥28.02
United States of America Real Estate Industry PB Ratio Median Figure of 53 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:CHVK.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:000002 Share Price ÷ Book Value per Share (both in CNY)

= 28.02 ÷ 14.27

1.96x

* Primary Listing of China Vanke.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Vanke is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess China Vanke's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. China Vanke has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is China Vanke expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Vanke expected to grow at an attractive rate?
  • China Vanke's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Vanke's earnings growth is expected to exceed the United States of America market average.
  • China Vanke's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CHVK.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CHVK.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 15.6%
OTCPK:CHVK.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 20.2%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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.

Analysts growth expectations
Raw Data
OTCPK:CHVK.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CHVK.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 548,940 59,252 54,441 15
2020-12-31 486,974 25,480 47,674 11
2019-12-31 374,880 41,836 40,835 15
OTCPK:CHVK.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 315,228 34,659 33,998
2018-12-31 297,679 33,618 33,773
2018-09-30 301,819 39,885 30,945
2018-06-30 279,061 56,218 29,873
2018-03-31 255,133 64,093 28,251
2017-12-31 242,897 82,323 28,052
2017-09-30 240,523 13,286 23,851
2017-06-30 235,492 35,619 22,974
2017-03-31 244,455 40,768 20,885
2016-12-31 240,477 39,566 21,023
2016-09-30 233,008 63,715 19,527
2016-06-30 220,078 48,652 18,624

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Vanke's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
  • China Vanke's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:CHVK.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from China Vanke Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CHVK.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.88 5.38 4.27 16.00
2020-12-31 4.27 4.72 3.98 20.00
2019-12-31 3.66 3.83 3.55 19.00
OTCPK:CHVK.F Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 3.08
2018-12-31 3.06
2018-09-30 2.80
2018-06-30 2.71
2018-03-31 2.56
2017-12-31 2.54
2017-09-30 2.16
2017-06-30 2.08
2017-03-31 1.89
2016-12-31 1.90
2016-09-30 1.77
2016-06-30 1.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Vanke is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess China Vanke's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Vanke has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has China Vanke performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Vanke's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Vanke's year on year earnings growth rate has been positive over the past 5 years.
  • China Vanke's 1-year earnings growth exceeds its 5-year average (20.3% vs 18.5%)
  • China Vanke's earnings growth has exceeded the US Real Estate industry average in the past year (20.3% vs -15.8%).
Earnings and Revenue History
China Vanke's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Vanke Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CHVK.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 315,228.35 33,998.40 18,842.24 934.46
2018-12-31 297,679.33 33,772.65 18,195.58 946.06
2018-09-30 301,818.75 30,945.37 17,127.17 483.17
2018-06-30 279,061.17 29,872.83 16,757.44 743.93
2018-03-31 255,133.50 28,251.28 15,388.00 743.93
2017-12-31 242,897.11 28,051.81 14,510.06 613.33
2017-09-30 240,522.94 23,851.23 14,035.70 415.73
2017-06-30 235,492.42 22,974.02 12,332.22
2017-03-31 244,455.15 20,884.78 12,577.86
2016-12-31 240,477.24 21,022.61 11,961.47
2016-09-30 233,007.72 19,527.33 10,465.51
2016-06-30 220,077.63 18,624.44 10,315.98
2016-03-31 201,266.10 18,302.41 9,372.66
2015-12-31 195,549.13 18,119.41 8,903.34
2015-09-30 162,844.62 16,141.78 8,719.46
2015-06-30 155,692.90 15,782.50 8,459.53
2015-03-31 145,785.13 14,866.21 8,474.83
2014-12-31 146,388.00 15,745.45 8,450.53
2014-09-30 135,143.07 15,416.46 7,400.10
2014-06-30 134,990.35 15,371.48 7,215.81
2014-03-31 130,916.10 15,034.12 7,114.41
2013-12-31 135,418.79 15,118.55 6,934.75
2013-09-30 120,403.34 13,631.51 6,421.84
2013-06-30 113,783.60 13,382.40 6,439.21
2013-03-31 106,770.24 12,769.15 6,027.95
2012-12-31 103,116.25 12,551.18 5,920.50
2012-09-30 88,602.60 11,120.85 5,940.34
2012-06-30 82,516.90 10,372.11 5,486.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst China Vanke has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • China Vanke used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • China Vanke has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Vanke's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Vanke has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is China Vanke's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Vanke's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Vanke is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Vanke's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Vanke's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Vanke Company Filings, last reported 1 month ago.

OTCPK:CHVK.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 236,189.41 267,290.88 144,322.07
2018-12-31 235,620.73 261,207.60 187,568.97
2018-09-30 215,891.76 243,203.44 133,008.04
2018-06-30 205,784.15 222,903.64 150,158.72
2018-03-31 195,337.40 193,118.91 94,782.31
2017-12-31 186,673.94 190,624.41 164,326.01
2017-09-30 167,725.29 158,431.91 94,352.63
2017-06-30 161,157.76 139,158.82 99,689.56
2017-03-31 161,986.02 142,019.89 90,969.14
2016-12-31 161,676.57 128,864.32 79,490.01
2016-09-30 143,533.58 88,023.55 75,187.02
2016-06-30 138,174.05 91,462.47 70,907.21
2016-03-31 138,748.88 88,096.12 52,847.60
2015-12-31 136,309.62 79,490.89 51,747.62
2015-09-30 121,125.22 71,011.54 48,093.70
2015-06-30 117,799.86 63,183.18 49,406.53
2015-03-31 116,203.52 63,438.19 44,077.78
2014-12-31 115,893.62 68,981.30 61,653.32
2014-09-30 106,182.51 76,611.18 48,741.86
2014-06-30 105,719.88 81,393.07 41,712.32
2014-03-31 101,750.97 79,159.16 37,525.82
2013-12-31 105,439.42 76,717.51 43,004.15
2013-09-30 94,366.54 74,715.63 37,063.56
2013-06-30 88,065.48 74,150.24 36,247.51
2013-03-31 84,626.43 77,326.20 52,258.69
2012-12-31 82,138.19 71,619.19 51,120.22
2012-09-30 71,640.86 60,336.92 33,307.40
2012-06-30 69,833.97 62,930.71 45,719.73
  • China Vanke's level of debt (113.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (77.8% vs 113.2% today).
  • Debt is not well covered by operating cash flow (13%, less than 20% of total debt).
  • China Vanke earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Vanke's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Vanke has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is China Vanke's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.73%
Current annual income from China Vanke dividends. Estimated to be 5.26% next year.
If you bought $2,000 of China Vanke shares you are expected to receive $75 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Vanke's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • China Vanke's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:CHVK.F Annualized Past and Future Dividends
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 15 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:CHVK.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.68 12.00
2020-12-31 1.49 17.00
2019-12-31 1.25 12.00
OTCPK:CHVK.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-09 1.045 3.538
2018-07-02 0.900 3.627
2017-07-11 0.790 2.778
2016-07-04 0.720 3.304
2015-05-25 0.500 3.441
2014-04-29 0.410 3.958
2013-02-28 0.180 1.980
2012-06-27 0.130 1.439
2011-05-20 0.100 1.243
2010-03-01 0.070 0.841

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, China Vanke has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but China Vanke only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of China Vanke's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess China Vanke's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Vanke afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Vanke has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of China Vanke's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jiusheng Zhu
COMPENSATION CN¥11,278,000
AGE 49
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jiusheng Zhu, MBA, has been President and Chief Executive Officer at China Vanke Co., Ltd. since January 31, 2018 and served as its Senior Vice President since June 2012 until 2015. Mr. Zhu has been the Chairman of the board of directors of Shenzhen Vanke Financial Consultants Co., Ltd since 2014. He has been Non Executive Director of E-House (China) Enterprise Holdings Limited since March 16, 2018. He was Chairman of the board of directors and General Manager of Shenzhen Pengding Chuangying Financial Information Services Co., Ltd from 2016 to January 2018. He worked at the Wuhan Jiangxia Finance Bureau of Hubei Province from March 1989 to September 1990. He has been working as a Staff Member and the Deputy Chief (managing the work) of the Project Review Office and the Vice Dean of the risk management department (managing the work) of the Shenzhen Branch of China Construction Bank Corporation Limited ("China Construction Bank") (listed on the Shanghai Stock Exchange, stock code: 601939) the Vice President of the Futian Branch (managing the work), an Assistant General Manager of the Credit Business Department (managing the work), the General Manager of the Credit Business Department, the General Manager of the Credit Approval Department, the General Manager of the Corporate Business Department, the Assistant President, a Member of the Party Committee and the Vice President of China Construction Bank from July 1993 to May 2012. He has been the Director of Shenzhen Kondarl (Group) Co., Ltd. since June 2012. He serves as a Director of Colour Step Limited. He was a Non-executive Director of Huishang Bank Corporation Limited since October 8, 2014 until December 28, 2018. He served as an Independent Non-Executive Director of LVGEM (China) Real Estate Investment Company Limited since May 15, 2014 until April 8, 2019. He served as Director of Shenzhen Kondarl (Group) Co., Ltd. until September 2016. Mr. Zhu was a Postgraduate of the School of Trade and Economics at Zhongnan University of Economics and Law in June 1993 and obtained a Doctoral Degree from the Industrial Economics Department at Zhongnan University of Economics and Law in December 2003. He was granted the title of Senior Economist in December 1999.

CEO Compensation
  • Insufficient data for Jiusheng to compare compensation growth.
  • Jiusheng's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the China Vanke management team in years:

3.2
Average Tenure
48.5
Average Age
  • The tenure for the China Vanke management team is about average.
Management Team

Liang Yu

TITLE
Chairman of the Board
COMPENSATION
CN¥13M
AGE
53

Jiusheng Zhu

TITLE
President & CEO
COMPENSATION
CN¥11M
AGE
49
TENURE
1.3 yrs

Wenjin Wang

TITLE
Executive VP
COMPENSATION
CN¥9M
AGE
52

Xu Zhang

TITLE
Executive VP
COMPENSATION
CN¥10M
AGE
55
TENURE
5.3 yrs

Jia Sun

TITLE
Senior VP
AGE
40
TENURE
3.2 yrs

Xu Zhu

TITLE
Company Secretary & VP
AGE
43
TENURE
3.2 yrs

Changfeng Ding

TITLE
Senior Vice President of Ice Snow Division
COMPENSATION
CN¥5M
AGE
48

Jiwen Zhang

TITLE
Senior Vice President & CEO of Meisha Education Division
COMPENSATION
CN¥6M
AGE
51

Varjak Tan

TITLE
Senior Vice President
COMPENSATION
CN¥171K
AGE
45
TENURE
4.3 yrs

Hai Zhang

TITLE
Senior VP of Shanghai Regional Headquarters CEO Shanghai Company General Manager
AGE
48
Board of Directors Tenure

Average tenure and age of the China Vanke board of directors in years:

1.9
Average Tenure
54
Average Age
  • The average tenure for the China Vanke board of directors is less than 3 years, this suggests a new board.
Board of Directors

Maode Lin

TITLE
Vice Chairman of the Board
COMPENSATION
CN¥333K
AGE
62
TENURE
1.9 yrs

Liang Yu

TITLE
Chairman of the Board
COMPENSATION
CN¥13M
AGE
53
TENURE
1.9 yrs

Shi Wang

TITLE
Honorary Chairman
AGE
67
TENURE
1.9 yrs

Wenjin Wang

TITLE
Executive VP
COMPENSATION
CN¥9M
AGE
52
TENURE
5.2 yrs

Xu Zhang

TITLE
Executive VP
COMPENSATION
CN¥10M
AGE
55
TENURE
1.9 yrs

Qingping Zhou

TITLE
Employee Representative Member of the Supervisory Committee & GM of Audit Supervision Department
COMPENSATION
CN¥2M
AGE
49
TENURE
9.3 yrs

Johnny Ng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥555K
AGE
58
TENURE
1.9 yrs

Qiang Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥555K
AGE
46
TENURE
1.9 yrs

Dian Kang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥555K
AGE
70
TENURE
1.9 yrs

Xianjun Chen

TITLE
Non-Executive Director
COMPENSATION
CN¥333K
AGE
46
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. May 19 Buy J.P. Morgan Asset Management, Inc. Company 06. May 19 06. May 19 1,902,517 $3.70 $7,039,490
07. May 19 Sell J.P. Morgan Asset Management, Inc. Company 02. May 19 02. May 19 -756,670 $3.86 $-2,920,446
29. Apr 19 Buy GIC Pte. Ltd. Company 26. Apr 19 26. Apr 19 88,000 $3.86 $339,306
26. Apr 19 Sell GIC Pte. Ltd. Company 24. Apr 19 24. Apr 19 -1,079,800 $3.93 $-4,247,849
10. Apr 19 Buy J.P. Morgan Asset Management, Inc. Company 04. Apr 19 04. Apr 19 1,136,675 $4.42 $5,025,012
04. Apr 19 Sell J.P. Morgan Asset Management, Inc. Company 01. Apr 19 01. Apr 19 -6,476,162 $4.44 $-28,740,100
29. Mar 19 Buy GIC Pte. Ltd. Company 28. Mar 19 28. Mar 19 34,694,200 $3.78 $131,197,054
27. Mar 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Mar 19 22. Mar 19 2,311,618 $4.09 $9,454,196
27. Mar 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 22. Mar 19 22. Mar 19 100 $4.09 $409
27. Mar 19 Buy China International Fund Management Company Limited Company 22. Mar 19 22. Mar 19 112,700 $4.09 $460,927
27. Mar 19 Sell J.P. Morgan Asset Management, Inc. Company 22. Mar 19 22. Mar 19 -183,600 $4.09 $-750,898
26. Mar 19 Sell J.P. Morgan Asset Management, Inc. Company 21. Mar 19 21. Mar 19 -2,197,413 $4.19 $-9,207,974
20. Mar 19 Buy J.P. Morgan Asset Management, Inc. Company 15. Mar 19 15. Mar 19 981,184 $3.84 $3,765,465
18. Mar 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 13. Mar 19 13. Mar 19 -1,407,634 $3.84 $-5,409,609
18. Mar 19 Sell J.P. Morgan Asset Management, Inc. Company 13. Mar 19 13. Mar 19 -508,600 $3.84 $-1,954,576
01. Mar 19 Sell J.P. Morgan Asset Management, Inc. Company 26. Feb 19 26. Feb 19 -609,186 $3.89 $-2,367,140
01. Mar 19 Buy GIC Pte. Ltd. Company 28. Feb 19 28. Feb 19 2,007,800 $3.81 $7,653,300
25. Feb 19 Buy UBS Asset Management Company 20. Feb 19 20. Feb 19 429,100 $3.80 $1,631,587
21. Feb 19 Buy GIC Pte. Ltd. Company 20. Feb 19 20. Feb 19 1,813,300 $3.81 $6,910,205
18. Feb 19 Sell J.P. Morgan Asset Management, Inc. Company 13. Feb 19 13. Feb 19 -1,828,132 $3.93 $-7,182,297
04. Feb 19 Buy J.P. Morgan Asset Management, Inc. Company 30. Jan 19 30. Jan 19 1,132,829 $3.95 $4,478,215
04. Feb 19 Buy GIC Pte. Ltd. Company 01. Feb 19 01. Feb 19 2,161,300 $3.93 $8,496,511
30. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 25. Jan 19 25. Jan 19 1,651,331 $3.76 $6,214,726
28. Jan 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 23. Jan 19 23. Jan 19 -919,902 $3.57 $-3,282,539
15. Jan 19 Buy UBS Asset Management Company 10. Jan 19 10. Jan 19 575,000 $3.64 $2,091,862
10. Jan 19 Sell UBS Asset Management Company 07. Jan 19 07. Jan 19 -176,800 $3.33 $-588,573
07. Jan 19 Buy UBS Asset Management Company 02. Jan 19 02. Jan 19 220,000 $3.33 $732,502
04. Jan 19 Sell UBS Asset Management Company 31. Dec 18 31. Dec 18 -123,200 $3.33 $-410,125
28. Dec 18 Buy UBS Asset Management Company 21. Dec 18 21. Dec 18 329,190 $3.38 $1,114,104
27. Dec 18 Sell UBS Asset Management Company 20. Dec 18 20. Dec 18 -406,050 $3.45 $-1,401,156
21. Dec 18 Buy UBS Asset Management Company 18. Dec 18 18. Dec 18 407,300 $3.46 $1,408,997
04. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 29. Nov 18 29. Nov 18 1,578,989 $3.50 $5,524,701
29. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 26. Nov 18 26. Nov 18 -1,655,510 $3.42 $-5,666,806
14. Nov 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 09. Nov 18 09. Nov 18 3,235,322 $3.25 $10,520,352
14. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Nov 18 09. Nov 18 -96,104 $3.25 $-312,503
14. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Nov 18 09. Nov 18 406,400 $3.25 $1,321,498
14. Nov 18 Buy J.P. Morgan Asset Management, Inc. Company 09. Nov 18 09. Nov 18 617,000 $3.25 $2,006,309
12. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 07. Nov 18 07. Nov 18 861,500 $3.33 $2,871,094
09. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 06. Nov 18 06. Nov 18 681,100 $3.30 $2,248,533
12. Nov 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Nov 18 07. Nov 18 197,298 $3.33 $657,529
12. Nov 18 Buy J.P. Morgan Asset Management, Inc. Company 07. Nov 18 07. Nov 18 964,000 $3.33 $3,212,693
09. Nov 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 06. Nov 18 06. Nov 18 -3,068,018 $3.30 $-10,128,528
09. Nov 18 Buy J.P. Morgan Asset Management, Inc. Company 06. Nov 18 06. Nov 18 1,286,000 $3.30 $4,245,505
08. Nov 18 Buy J.P. Morgan Asset Management, Inc. Company 05. Nov 18 05. Nov 18 1,238,790 $3.33 $4,125,176
08. Nov 18 Sell UBS Asset Management Company 05. Nov 18 05. Nov 18 -754,800 $3.33 $-2,510,961
30. Oct 18 Sell Investec Asset Management Limited Company 25. Oct 18 25. Oct 18 -423,100 $3.00 $-1,271,082
16. Oct 18 Buy Investec Asset Management Limited Company 11. Oct 18 11. Oct 18 182,800 $2.82 $515,448
19. Sep 18 Buy J.P. Morgan Asset Management, Inc. Company 14. Sep 18 14. Sep 18 1,330,853 $3.28 $4,368,514
17. Sep 18 Sell J.P. Morgan Asset Management, Inc. Company 12. Sep 18 12. Sep 18 -677,094 $3.11 $-2,105,641
13. Sep 18 Buy J.P. Morgan Asset Management, Inc. Company 10. Sep 18 10. Sep 18 1,324,950 $3.19 $4,225,333
12. Sep 18 Sell J.P. Morgan Asset Management, Inc. Company 07. Sep 18 07. Sep 18 -629,886 $3.21 $-2,019,328
06. Sep 18 Buy J.P. Morgan Asset Management, Inc. Company 03. Sep 18 03. Sep 18 3,462,043 $3.35 $11,593,395
23. Aug 18 Buy GIC Pte. Ltd. Company 21. Aug 18 21. Aug 18 166,300 $3.28 $544,776
08. Aug 18 Buy J.P. Morgan Asset Management, Inc. Company 06. Aug 18 06. Aug 18 5,379,108 $2.85 $15,353,841
21. Jun 18 Buy Citigroup Inc.,Banking and Securities Investments Company 15. Jun 18 15. Jun 18 48,896 $3.93 $192,167
X
Management checks
We assess China Vanke's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Vanke has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

China Vanke Co., Ltd., a real-estate company, develops and sells properties in the People’s Republic of China. The company operates through Property Development and Property Management segments. It develops commodity housing properties; and commercial and office properties, as well as other ancillary facilities. The company also provides property management and related services to purchasers and tenants of its own developed residential properties and shopping arcades, as well as to the external property developers; and undertakes construction contracts. In addition, it is involved in the development and operation of logistics properties and warehouses, skiing resorts, and elderly care and educational facilities; and rental of apartments. China Vanke Co., Ltd. was founded in 1984 and is headquartered in Shenzhen, the People’s Republic of China.

Details
Name: China Vanke Co., Ltd.
CHVK.F
Exchange: OTCPK
Founded: 1984
CN¥45,388,098,119
11,302,143,001
Website: http://www.vanke.com
Address: China Vanke Co., Ltd.
Vanke Center,
No. 33 Huanmei Road,
Shenzhen,
Guangdong Province, 518083,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 000002 Domestic Shares Shenzhen Stock Exchange CN CNY 22. Feb 1994
XSEC 000002 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 22. Feb 1994
SEHK 2202 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 25. Jun 2014
OTCPK CHVK.Y UNSPONSORD ADS Pink Sheets LLC US USD 08. May 2018
OTCPK CHVK.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 25. Jun 2014
DB 18V Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 25. Jun 2014
SHSC 2202 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 25. Jun 2014
SZSC 2202 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 25. Jun 2014
Number of employees
Current staff
Staff numbers
92,764
China Vanke employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:47
End of day share price update: 2019/05/06 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
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.