Loading...

Champion Real Estate Investment Trust

OTCPK:CMPN.F
Snowflake Description

6 star dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMPN.F
OTCPK
HK$39B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
CMPN.F Share Price and Events
7 Day Returns
0%
OTCPK:CMPN.F
-0.3%
US REITs
0.2%
US Market
1 Year Returns
-
OTCPK:CMPN.F
13.3%
US REITs
2.9%
US Market
CMPN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Champion Real Estate Investment Trust (CMPN.F) 0% 0% 10.3% - 59.9% 71.6%
US REITs -0.3% 3.5% 3.2% 13.3% 11.3% 24.8%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on CMPN.F.
  • No trading data on CMPN.F.
Price Volatility
CMPN.F
Industry
5yr Volatility vs Market

CMPN.F Value

 Is Champion Real Estate Investment Trust 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 Champion Real Estate Investment Trust 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 Champion Real Estate Investment Trust.

OTCPK:CMPN.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:CMPN.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 25%) (38.33%))
0.787
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 6.65%)
8.05%

Discounted Cash Flow Calculation for OTCPK:CMPN.F using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Champion Real Estate Investment Trust 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.

Champion Real Estate Investment Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:CMPN.F DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (HKD, Millions) Source Present Value
Discounted (@ 8.05%)
2019 1,523.00 Analyst x1 1,409.53
2020 1,681.00 Analyst x1 1,439.85
2021 1,847.00 Analyst x1 1,464.17
2022 1,996.88 Est @ 8.11% 1,465.05
2023 2,126.66 Est @ 6.5% 1,444.02
2024 2,240.83 Est @ 5.37% 1,408.18
2025 2,343.39 Est @ 4.58% 1,362.92
2026 2,437.66 Est @ 4.02% 1,312.12
2027 2,526.27 Est @ 3.63% 1,258.51
2028 2,611.24 Est @ 3.36% 1,203.92
Present value of next 10 years cash flows HK$13,768.29
OTCPK:CMPN.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$2,611.24 × (1 + 2.73%) ÷ (8.05% – 2.73%)
HK$50,423.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$50,423.40 ÷ (1 + 8.05%)10
HK$23,247.94
OTCPK:CMPN.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$13,768.29 + HK$23,247.94
HK$37,016.23
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$37,016.23 / 5,858.50
HK$6.23
OTCPK:CMPN.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CMPN.F represents 0.1257x of SEHK:2778
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1257x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.23 x 0.1257
$0.78
Value per share (USD) From above. $0.78
Current discount Discount to share price of $0.84
= -1 x ($0.84 - $0.78) / $0.78
-7.3%

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

  • The current share price of Champion Real Estate Investment Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Champion Real Estate Investment Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Champion Real Estate Investment Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CMPN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$1.34
SEHK:2778 Share Price ** SEHK (2019-04-10) in HKD HK$6.69
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.92x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

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

** Primary Listing of Champion Real Estate Investment Trust.

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

= SEHK:2778 Share Price ÷ EPS (both in HKD)

= 6.69 ÷ 1.34

5x

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

  • Champion Real Estate Investment Trust is good value based on earnings compared to the US REITs industry average.
  • Champion Real Estate Investment Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Champion Real Estate Investment Trust's expected growth come at a high price?
Raw Data
OTCPK:CMPN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-63.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5x ÷ -63.2%

-0.08x

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

  • Champion Real Estate Investment Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Champion Real Estate Investment Trust's assets?
Raw Data
OTCPK:CMPN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$11.42
SEHK:2778 Share Price * SEHK (2019-04-10) in HKD HK$6.69
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:CMPN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2778 Share Price ÷ Book Value per Share (both in HKD)

= 6.69 ÷ 11.42

0.59x

* Primary Listing of Champion Real Estate Investment Trust.

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

  • Champion Real Estate Investment Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Champion Real Estate Investment Trust'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Champion Real Estate Investment Trust has a total score of 3/6, 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.

CMPN.F Future Performance

 How is Champion Real Estate Investment Trust expected to perform in the next 1 to 3 years based on estimates from 12 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
-63.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Champion Real Estate Investment Trust expected to grow at an attractive rate?
  • Champion Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Champion Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Champion Real Estate Investment Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CMPN.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CMPN.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -63.2%
OTCPK:CMPN.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 5.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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:CMPN.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CMPN.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,449 2,424 1,751 9
2020-12-31 3,318 2,195 1,687 11
2019-12-31 3,133 2,110 1,592 12
OTCPK:CMPN.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,965 1,677 7,812
2018-09-30 2,896 1,666 9,536
2018-06-30 2,827 1,654 11,261
2018-03-31 2,763 1,630 11,200
2017-12-31 2,700 1,607 11,140
2017-09-30 2,661 1,574 8,519
2017-06-30 2,623 1,541 5,899
2017-03-31 2,590 1,457 4,540
2016-12-31 2,557 1,373 3,182
2016-09-30 2,494 1,313 3,403
2016-06-30 2,431 1,253 3,624
2016-03-31 2,360 1,228 3,465

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Champion Real Estate Investment Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Champion Real Estate Investment Trust's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (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:CMPN.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Champion Real Estate Investment Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMPN.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.31 0.35 0.27 6.00
2020-12-31 0.29 0.32 0.27 7.00
2019-12-31 0.27 0.30 0.25 8.00
OTCPK:CMPN.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 1.34
2018-09-30 1.63
2018-06-30 1.93
2018-03-31 1.92
2017-12-31 1.92
2017-09-30 1.47
2017-06-30 1.02
2017-03-31 0.78
2016-12-31 0.55
2016-09-30 0.59
2016-06-30 0.63
2016-03-31 0.60

*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.
  • Champion Real Estate Investment Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Champion Real Estate Investment Trust'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.
Champion Real Estate Investment Trust has a total score of 0/6, 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.

CMPN.F Past Performance

  How has Champion Real Estate Investment Trust 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 Champion Real Estate Investment Trust's growth in the last year to its industry (REITs).
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.
  • Champion Real Estate Investment Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Champion Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Champion Real Estate Investment Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Champion Real Estate Investment Trust'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 Champion Real Estate Investment Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CMPN.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,964.97 7,812.06 44.80
2018-09-30 2,895.98 9,536.41 46.61
2018-06-30 2,826.99 11,260.77 48.41
2018-03-31 2,763.44 11,200.21 44.50
2017-12-31 2,699.90 11,139.65 40.58
2017-09-30 2,661.46 8,519.19 42.42
2017-06-30 2,623.02 5,898.73 44.27
2017-03-31 2,590.06 4,540.16 45.72
2016-12-31 2,557.09 3,181.58 47.16
2016-09-30 2,493.87 3,403.02 43.16
2016-06-30 2,430.65 3,624.45 39.17
2016-03-31 2,359.98 3,464.73 38.59
2015-12-31 2,289.30 3,305.01 38.01
2015-09-30 2,266.48 3,325.07 37.64
2015-06-30 2,243.66 3,345.13 37.27
2015-03-31 2,265.95 2,636.85 35.91
2014-12-31 2,288.24 1,928.56 34.55
2014-09-30 2,281.92 1,352.84 36.30
2014-06-30 2,275.61 777.11 38.05
2014-03-31 2,227.44 1,487.88 38.11
2013-12-31 2,179.27 2,198.65 38.17
2013-09-30 2,143.08 3,330.76 42.81
2013-06-30 2,106.89 4,462.87 47.45
2013-03-31 2,082.95 4,311.41 45.82
2012-12-31 2,059.01 4,159.95 44.20
2012-09-30 2,029.82 4,021.21 37.09
2012-06-30 2,000.63 3,882.47 29.98

*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.
  • Champion Real Estate Investment Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Champion Real Estate Investment Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Champion Real Estate Investment Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Champion Real Estate Investment Trust'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 REITs 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.
Champion Real Estate Investment Trust has a total score of 3/6, 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.

CMPN.F Health

 How is Champion Real Estate Investment Trust'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 Champion Real Estate Investment Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Champion Real Estate Investment Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Champion Real Estate Investment Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Champion Real Estate Investment Trust'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 not covered by short term assets, assets are 0.1x 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 Champion Real Estate Investment Trust Company Filings, last reported 4 months ago.

OTCPK:CMPN.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 66,760.93 15,021.96 1,399.53
2018-09-30 66,760.93 15,021.96 1,399.53
2018-06-30 64,455.51 15,010.13 1,409.00
2018-03-31 64,455.51 15,010.13 1,409.00
2017-12-31 60,351.24 14,802.35 1,190.39
2017-09-30 60,351.24 14,802.35 1,190.39
2017-06-30 54,420.43 14,821.19 1,165.69
2017-03-31 54,420.43 14,821.19 1,165.69
2016-12-31 50,534.76 14,738.98 957.53
2016-09-30 50,534.76 14,738.98 957.53
2016-06-30 49,848.96 14,528.58 760.51
2016-03-31 49,848.96 14,528.58 760.51
2015-12-31 48,468.15 14,575.68 692.92
2015-09-30 48,468.15 14,575.68 692.92
2015-06-30 47,295.43 14,562.74 795.02
2015-03-31 47,295.43 14,562.74 795.02
2014-12-31 46,275.13 14,583.63 1,005.09
2014-09-30 46,275.13 14,583.63 1,005.09
2014-06-30 44,987.32 14,588.40 1,138.85
2014-03-31 44,987.32 14,588.40 1,138.85
2013-12-31 45,363.96 14,663.81 1,066.44
2013-09-30 45,363.96 14,663.81 1,066.44
2013-06-30 45,341.77 12,739.88 1,250.07
2013-03-31 45,341.77 12,739.88 1,250.07
2012-12-31 44,252.20 12,976.18 1,397.08
2012-09-30 44,252.20 12,976.18 1,397.08
2012-06-30 39,502.27 15,252.62 1,370.43
  • Champion Real Estate Investment Trust's level of debt (22.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.3% vs 22.5% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Champion Real Estate Investment Trust'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. Champion Real Estate Investment Trust 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.

CMPN.F Dividends

 What is Champion Real Estate Investment Trust'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
4.09%
Current annual income from Champion Real Estate Investment Trust dividends. Estimated to be 4.37% next year.
If you bought $2,000 of Champion Real Estate Investment Trust shares you are expected to receive $82 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?
  • Champion Real Estate Investment Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Champion Real Estate Investment Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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:CMPN.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 12 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:CMPN.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.31 11.00
2020-12-31 0.29 14.00
2019-12-31 0.28 14.00
OTCPK:CMPN.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.273 4.121
2018-03-15 0.243 4.404
2018-02-14 0.243 4.361
2017-03-22 0.240 4.390
2017-03-14 0.240 5.192
2017-02-27 0.240 5.378
2016-03-30 0.198 4.560
2016-02-25 0.199 5.143
2015-08-25 0.195 5.106
2015-03-20 0.204 4.847
2015-02-27 0.204 5.431
2014-08-27 0.215 6.091
2014-03-21 0.210 5.784
2014-02-24 0.210 6.060
2013-09-23 0.208 6.017
2013-05-02 0.209 5.804
2013-03-18 0.209 5.188
2013-02-22 0.209 5.254
2012-09-24 0.221 5.848
2012-03-16 0.224 6.746
2011-08-12 0.214 6.674
2011-03-18 0.216 4.909
2011-02-21 0.216 4.765
2010-08-30 0.239 5.434
2010-02-22 0.262 7.159
2009-08-10 0.272 8.543

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Champion Real Estate Investment Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (6250x coverage).
X
Income/ dividend checks
We assess Champion Real Estate Investment Trust'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 Champion Real Estate Investment Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Champion Real Estate Investment Trust has a total score of 6/6, see the detailed checks below.


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

CMPN.F Management

 What is the CEO of Champion Real Estate Investment Trust'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
Ada Wong
AGE 37
TENURE AS CEO 2.9 years
CEO Bio

Ms. Ka Ki Wong, also known as Ada, has been the Chief Executive Officer of Eagle Asset Management (CP) Limited and Executive Director of Eagle Asset Management (CP) Limited at Champion REIT since June 30, 2016 and served as its Chief Investment Officer since July 15, 2015 until March 2018. Ms. Wong served as Deputy Chief Executive Officer of Eagle Asset Management (CP) Limited at Champion REIT from March 2014 to June 30, 2016. Ms. Wong is responsible for assisting Chief Executive Officer to oversee day-to-day operations and set strategic direction for Champion REIT. She has acquired over 10 years of finance industry experience. Prior to joining REIT Manager, Ms. Wong worked at a reputable international investment bank's Hong Kong coverage team and executed numbers of landmark IPOs, capital markets fund-raisings and strategic M&A transactions. Ms. Wong graduated from University of Michigan (Ann Arbor) - Ross School of Business with a Bachelor of Business Administration degree.

CEO Compensation
  • Insufficient data for Ada to compare compensation growth.
  • Insufficient data for Ada to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Champion Real Estate Investment Trust management team in years:

2.7
Average Tenure
46
Average Age
  • The tenure for the Champion Real Estate Investment Trust management team is about average.
Management Team

Ada Wong

TITLE
CEO & Executive Director of Eagle Asset Management (CP) Limited
AGE
37
TENURE
2.9 yrs

Rosana Sung

TITLE
Senior Finance Manager
AGE
43

Chi Kwong Kwong

TITLE
Chief Operating Officer of Risk Management
AGE
58

Amy LUK

TITLE
Investment & Investor Relations Director
AGE
45

Pamela Fung

TITLE
Compliance Manager of Eagle Asset Management (CP) Limited
AGE
47
TENURE
2.7 yrs

Yvonne Lau

TITLE
Chief Operating Officer of Asset Management
AGE
51
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Champion Real Estate Investment Trust board of directors in years:

13.3
Average Tenure
70
Average Age
  • The average tenure for the Champion Real Estate Investment Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ka Shui Lo

TITLE
Chairman of Eagle Asset Management (CP) Limited
AGE
71
TENURE
13.3 yrs

Ada Wong

TITLE
CEO & Executive Director of Eagle Asset Management (CP) Limited
AGE
37
TENURE
2.9 yrs

Abraham Razack Shek

TITLE
Independent Non-Executive Director of Eagle Asset Management (CP) Limited
AGE
72
TENURE
13.3 yrs

Christopher Cheng

TITLE
Independent Non-Executive Director of Eagle Asset Management (CP) Limited
AGE
70
TENURE
13.3 yrs

Payson Cha

TITLE
Independent Non-Executive Director of Eagle Asset Management (CP) Limited
AGE
75
TENURE
13.3 yrs

Shut Kan Ho

TITLE
Independent Non-Executive Director of Eagle Asset Management (CP) Limited
AGE
67
TENURE
11.9 yrs

Albert Ip

TITLE
Non-Executive Director of Eagle Asset Management (CP) Limited
AGE
66
TENURE
8 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 ($) Value ($)
13. Mar 19 Buy Eagle Asset Management (CP) Ltd. Company 08. Mar 19 08. Mar 19 11,410,795 $0.82 $9,390,343
03. Jan 19 Buy Great Eagle Holdings Limited Company 28. Dec 18 28. Dec 18 1,000,000 $0.68 $684,462
24. Dec 18 Buy Great Eagle Holdings Limited Company 21. Dec 18 21. Dec 18 299,000 $0.69 $206,440
21. Dec 18 Buy Great Eagle Holdings Limited Company 20. Dec 18 20. Dec 18 268,000 $0.69 $184,506
30. Oct 18 Buy Great Eagle Holdings Limited Company 26. Oct 18 26. Oct 18 728,000 $0.67 $486,541
01. Nov 18 Buy Great Eagle Holdings Limited Company 30. Oct 18 30. Oct 18 445,000 $0.68 $301,251
29. Oct 18 Buy Great Eagle Holdings Limited Company 25. Oct 18 25. Oct 18 1,073,000 $0.67 $714,139
25. Oct 18 Buy Great Eagle Holdings Limited Company 24. Oct 18 24. Oct 18 1,000,000 $0.67 $670,771
19. Oct 18 Buy Great Eagle Holdings Limited Company 16. Oct 18 16. Oct 18 186,000 $0.67 $124,130
18. Oct 18 Buy Great Eagle Holdings Limited Company 12. Oct 18 12. Oct 18 1,165,000 $0.67 $779,957
16. Oct 18 Buy Great Eagle Holdings Limited Company 11. Oct 18 11. Oct 18 1,000,000 $0.67 $669,685
18. Oct 18 Buy Great Eagle Holdings Limited Company 15. Oct 18 15. Oct 18 330,000 $0.67 $220,243
18. Sep 18 Buy Eagle Asset Management (CP) Ltd. Company 31. Aug 18 31. Aug 18 12,194,412 $0.74 $8,995,598
17. Jul 18 Buy Great Eagle Holdings Limited Company 16. Jul 18 16. Jul 18 650,000 $0.67 $434,686
13. Jul 18 Buy Great Eagle Holdings Limited Company 12. Jul 18 12. Jul 18 324,000 $0.67 $215,736
12. Jul 18 Buy Great Eagle Holdings Limited Company 11. Jul 18 11. Jul 18 46,000 $0.66 $30,474
10. Jul 18 Buy Great Eagle Holdings Limited Company 09. Jul 18 09. Jul 18 16,000 $0.67 $10,703
09. Jul 18 Buy Great Eagle Holdings Limited Company 06. Jul 18 06. Jul 18 746,000 $0.65 $488,097
05. Jul 18 Buy Great Eagle Holdings Limited Company 03. Jul 18 03. Jul 18 168,000 $0.66 $110,194
X
Management checks
We assess Champion Real Estate Investment Trust'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. Champion Real Estate Investment Trust 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.

CMPN.F News

Simply Wall St News

CMPN.F Company Info

Description

Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to 2.93 million sq. ft. of prime office and retail properties by way of two landmark properties, Three Garden Road and Langham Place, one on each side of the Victoria Harbour.

Details
Name: Champion Real Estate Investment Trust
CMPN.F
Exchange: OTCPK
Founded: 2006
HK$4,993,329,096
5,858,503,599
Website: http://www.championreit.com
Address: Champion Real Estate Investment Trust
Great Eagle Centre,
Suite 3008,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2778 Units The Stock Exchange of Hong Kong Ltd. HK HKD 24. May 2006
OTCPK CMPN.F Units Pink Sheets LLC US USD 24. May 2006
DB Q9S Units Deutsche Boerse AG DE EUR 24. May 2006
Number of employees
Current staff
Staff numbers
0
Champion Real Estate Investment Trust employees.
Industry
Office REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:03
End of day share price update: 2019/04/10 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/03/21
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.