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CSI Properties

OTCPK:CPSD.F
Snowflake Description

Very undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPSD.F
OTCPK
HK$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

CSI Properties Limited, an investment holding company, engages in the property holding, development, and leasing activities in Hong Kong, the People’s Republic of China, and Macau. The last earnings update was 91 days ago. More info.


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CPSD.F Share Price and Events
7 Day Returns
0%
OTCPK:CPSD.F
0.9%
US Real Estate
2.4%
US Market
1 Year Returns
-
OTCPK:CPSD.F
-12.1%
US Real Estate
1.9%
US Market
CPSD.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CSI Properties (CPSD.F) 0% 0% - - - -
US Real Estate 0.9% -2.6% 17.2% -12.1% 29.1% 9.3%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • No trading data on CPSD.F.
  • No trading data on CPSD.F.
Price Volatility
CPSD.F
Industry
5yr Volatility vs Market

CPSD.F Value

 Is CSI Properties 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 CSI Properties 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    Our intrinsic value calculation method has changed recently, learn more here.

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

OTCPK:CPSD.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 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16%
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:CPSD.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%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.244 (1 + (1- 25%) (282.16%))
2.928
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 6.65%)
16.03%

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

The calculations below outline how an intrinsic value for CSI Properties 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:CPSD.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 16.03%)
2019 6,488.38 Est @ 64.47% 5,591.99
2020 9,469.49 Est @ 45.95% 7,033.74
2021 12,592.60 Est @ 32.98% 8,061.29
2022 15,602.92 Est @ 23.91% 8,608.45
2023 18,341.68 Est @ 17.55% 8,721.43
2024 20,745.54 Est @ 13.11% 8,501.64
2025 22,818.68 Est @ 9.99% 8,059.32
2026 24,601.79 Est @ 7.81% 7,488.66
2027 26,148.99 Est @ 6.29% 6,859.97
2028 27,514.30 Est @ 5.22% 6,220.93
Present value of next 10 years cash flows HK$75,147.42
OTCPK:CPSD.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$27,514.30 × (1 + 2.73%) ÷ (16.03% – 2.73%)
HK$212,522.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$212,522.08 ÷ (1 + 16.03%)10
HK$48,050.86
OTCPK:CPSD.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$75,147.42 + HK$48,050.86
HK$123,198.27
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$123,198.27 / 10,037.09
HK$1.26
OTCPK:CPSD.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CPSD.F represents 0.10256x of SEHK:497
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10256x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 12.27 x 0.10256
$1.26
Value per share (USD) From above. $1.26
Current discount Discount to share price of $0.04
= -1 x ($0.04 - $1.26) / $1.26
96.8%

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

Current Discount
Amount off the current price CSI Properties is available for.
Intrinsic value
>50%
Share price is $0.04 vs Future cash flow value of $1.26
Current Discount Checks
For CSI Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CSI Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CSI Properties's share price is below the future cash flow value, and 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 CSI Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CSI Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CPSD.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.11
SEHK:497 Share Price ** SEHK (2019-02-06) in HKD HK$0.39
United States of America Real Estate Industry PE Ratio Median Figure of 28 Publicly-Listed Real Estate Companies 15.49x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of CSI Properties.

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

= SEHK:497 Share Price ÷ EPS (both in HKD)

= 0.39 ÷ 0.11

3.41x

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

  • CSI Properties is good value based on earnings compared to the US Real Estate industry average.
  • CSI Properties is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CSI Properties's expected growth come at a high price?
Raw Data
OTCPK:CPSD.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
33.3%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.02x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.41x ÷ 33.3%

0.1x

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

  • CSI Properties is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CSI Properties's assets?
Raw Data
OTCPK:CPSD.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$1.33
SEHK:497 Share Price * SEHK (2019-02-06) in HKD HK$0.39
United States of America Real Estate Industry PB Ratio Median Figure of 57 Publicly-Listed Real Estate Companies 1.49x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:CPSD.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:497 Share Price ÷ Book Value per Share (both in HKD)

= 0.39 ÷ 1.33

0.29x

* Primary Listing of CSI Properties.

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

  • CSI Properties is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess CSI Properties'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. CSI Properties has a total score of 6/6, 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.

CPSD.F Future Performance

 How is CSI Properties expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
33.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CSI Properties expected to grow at an attractive rate?
  • CSI Properties's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CSI Properties's earnings growth is expected to exceed the United States of America market average.
  • CSI Properties's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CPSD.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CPSD.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 33.3%
OTCPK:CPSD.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -39.1%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
OTCPK:CPSD.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CPSD.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31
2020-03-31 2,803 -2,419 1,736 1
2019-03-31 4,387 728 1,039 1
OTCPK:CPSD.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 5,244 3,979 1,148
2018-06-30 4,607 2,143 1,079
2018-03-31 3,969 307 1,010
2017-12-31 3,354 -1,510 1,223
2017-09-30 2,738 -3,326 1,436
2017-06-30 2,303 -2,292 1,392
2017-03-31 1,868 -1,257 1,347
2016-12-31 2,071 -1,218 1,295
2016-09-30 2,273 -1,178 1,243
2016-06-30 2,237 -878 1,444
2016-03-31 2,201 -578 1,645
2015-12-31 1,407 -530 1,133

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CSI Properties's earnings are expected to grow significantly at over 20% yearly.
  • CSI Properties's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CPSD.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CSI Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CPSD.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31
2020-03-31 0.17 0.17 0.17 1.00
2019-03-31 0.10 0.10 0.10 1.00
OTCPK:CPSD.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.11
2018-06-30 0.11
2018-03-31 0.10
2017-12-31 0.12
2017-09-30 0.14
2017-06-30 0.14
2017-03-31 0.13
2016-12-31 0.13
2016-09-30 0.12
2016-06-30 0.14
2016-03-31 0.16
2015-12-31 0.11

*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.
  • Unable to establish if CSI Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CSI Properties'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.
CSI Properties has a total score of 3/6, 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.

CPSD.F Past Performance

  How has CSI Properties 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 CSI Properties'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.
  • CSI Properties's year on year earnings growth rate has been positive over the past 5 years.
  • CSI Properties's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CSI Properties's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
CSI Properties'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 CSI Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CPSD.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 5,244.08 1,147.94 267.99
2018-06-30 4,606.77 1,079.09 245.97
2018-03-31 3,969.46 1,010.23 223.94
2017-12-31 3,353.94 1,223.31 251.04
2017-09-30 2,738.42 1,436.39 278.14
2017-06-30 2,303.35 1,391.56 276.33
2017-03-31 1,868.28 1,346.73 274.51
2016-12-31 2,070.84 1,295.08 233.11
2016-09-30 2,273.40 1,243.43 191.72
2016-06-30 2,237.45 1,444.23 202.99
2016-03-31 2,201.49 1,645.02 214.27
2015-12-31 1,407.01 1,132.63 198.96
2015-09-30 612.53 620.25 183.65
2015-06-30 679.07 441.59 167.98
2015-03-31 745.61 262.94 152.31
2014-12-31 760.83 323.09 151.04
2014-09-30 776.05 383.24 149.78
2014-06-30 1,677.06 599.36 164.15
2014-03-31 2,578.07 815.49 178.52
2013-12-31 2,555.75 973.03 190.85
2013-09-30 2,533.43 1,130.57 203.19
2013-06-30 1,847.91 1,016.62 198.41
2013-03-31 1,162.38 902.67 193.64
2012-12-31 1,331.23 858.84 173.97
2012-09-30 1,500.08 815.02 154.30
2012-06-30 2,358.99 1,284.56 158.77
2012-03-31 3,217.89 1,754.11 163.23

*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.
  • CSI Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CSI Properties used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • CSI Properties has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CSI Properties'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.
CSI Properties has a total score of 2/6, 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.

CPSD.F Health

 How is CSI Properties'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 CSI Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CSI Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CSI Properties's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CSI Properties'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 1.5x 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 CSI Properties Company Filings, last reported 5 months ago.

OTCPK:CPSD.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 13,386.15 11,045.04 3,576.76
2018-06-30 13,386.15 11,045.04 3,576.76
2018-03-31 13,310.56 11,020.09 4,193.06
2017-12-31 13,310.56 11,020.09 4,193.06
2017-09-30 12,429.42 11,072.58 6,184.05
2017-06-30 12,429.42 11,072.58 6,184.05
2017-03-31 10,769.38 10,969.52 5,533.81
2016-12-31 10,769.38 10,969.52 5,533.81
2016-09-30 9,578.05 10,741.29 6,030.34
2016-06-30 9,578.05 10,741.29 6,030.34
2016-03-31 9,681.35 8,132.20 5,264.57
2015-12-31 9,681.35 8,132.20 5,264.57
2015-09-30 8,684.75 4,801.90 2,298.20
2015-06-30 8,684.75 4,801.90 2,298.20
2015-03-31 8,266.79 4,027.48 2,467.95
2014-12-31 8,266.79 4,027.48 2,467.95
2014-09-30 8,178.74 4,365.95 3,126.59
2014-06-30 8,178.74 4,365.95 3,126.59
2014-03-31 7,777.65 3,800.53 3,351.42
2013-12-31 7,777.65 3,800.53 3,351.42
2013-09-30 7,563.10 3,852.09 3,470.78
2013-06-30 7,563.10 3,852.09 3,470.78
2013-03-31 7,085.10 3,893.99 3,709.85
2012-12-31 7,085.10 3,893.99 3,709.85
2012-09-30 6,202.51 3,022.72 2,382.66
2012-06-30 6,202.51 3,022.72 2,382.66
2012-03-31 5,972.37 2,699.84 2,874.37
  • CSI Properties's level of debt (82.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.9% vs 82.5% today).
  • Debt is well covered by operating cash flow (36%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess CSI Properties'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. CSI Properties has a total score of 4/6, 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.

CPSD.F Dividends

 What is CSI Properties'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
3.59%
Current annual income from CSI Properties dividends. Estimated to be 2.05% next year.
If you bought $2,000 of CSI Properties shares you are expected to receive $72 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?
  • CSI Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • CSI Properties's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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:CPSD.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 1 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:CPSD.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.00 1.00
2022-03-31 0.00 1.00
2021-03-31 0.00 1.00
2020-03-31 0.02 1.00
2019-03-31 0.02 1.00
OTCPK:CPSD.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-07-27 0.014 4.016
2018-06-28 0.014 3.178
2017-09-05 0.016 3.600
2016-08-17 0.020 5.957
2015-08-25 0.004 1.543
2014-07-15 0.011 3.719
2014-06-25 0.011 3.861
2013-07-10 0.014 4.759
2013-06-19 0.014 4.458
2012-06-27 0.024 7.077
2011-06-23 0.010 4.265
2010-06-18 0.005 2.356
2009-07-27 0.002 1.072
2009-03-20 0.008 5.491

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CSI Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CSI Properties'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 CSI Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CSI Properties has a total score of 3/6, see the detailed checks below.


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

CPSD.F Management

 What is the CEO of CSI Properties'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.
  • CSI Properties has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the CSI Properties management team in years:

6.2
Average Tenure
53.5
Average Age
  • The average tenure for the CSI Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mico Chung

TITLE
Chairman of the Board
COMPENSATION
HK$35M
AGE
57

Louis Chow

TITLE
CFO, Controller & Executive Director
COMPENSATION
HK$7M
AGE
47
TENURE
18.2 yrs

Simon Kan

TITLE
COO & Executive Director
COMPENSATION
HK$10M
AGE
46
TENURE
3.2 yrs

Jimmy Fong

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
53

Lok Fai Ho

TITLE
Head of Marketing & Leasing of the Group Property Division
AGE
57

Chung Wong

TITLE
General Manager of Group Property Division
COMPENSATION
HK$604K
AGE
66
TENURE
15.2 yrs

Fok Anthony

TITLE
Head of Design for Couture Homes Properties

Herrick Lee

TITLE
Head of Commercial Property Division
AGE
52
TENURE
6.2 yrs

Raymond Soo

TITLE
Head of Development - Commercial Property Division

Simon Wong

TITLE
Managing Director of Commercial Property Division
AGE
54
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the CSI Properties board of directors in years:

8.5
Average Tenure
57
Average Age
  • The tenure for the CSI Properties board of directors is about average.
Board of Directors

Mico Chung

TITLE
Chairman of the Board
COMPENSATION
HK$35M
AGE
57
TENURE
13.8 yrs

Louis Chow

TITLE
CFO, Controller & Executive Director
COMPENSATION
HK$7M
AGE
47
TENURE
13.8 yrs

Simon Kan

TITLE
COO & Executive Director
COMPENSATION
HK$10M
AGE
46
TENURE
11.8 yrs

Jimmy Fong

TITLE
Executive Director
COMPENSATION
HK$6M
AGE
53
TENURE
5.2 yrs

Yuk Wo Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
57

George Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
59

William Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
57
TENURE
4.9 yrs

Abraham Shek

TITLE
Independent Non Executive Director
AGE
72
TENURE
0.7 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 ($) Value ($)
20. Nov 18 Sell Value Partners Limited Company 14. Nov 18 14. Nov 18 -1,700,000 $0.04 $-65,329
20. Apr 18 Buy Cho Yee Chung Individual 19. Apr 18 19. Apr 18 4,000,000 $0.07 $270,140
18. Apr 18 Buy Cho Yee Chung Individual 17. Apr 18 17. Apr 18 30,000,000 $0.07 $2,101,920
19. Apr 18 Buy Cho Yee Chung Individual 18. Apr 18 18. Apr 18 25,000,000 $0.07 $1,713,375
17. Apr 18 Buy Cho Yee Chung Individual 16. Apr 18 16. Apr 18 10,000,000 $0.07 $700,640
16. Apr 18 Buy Cho Yee Chung Individual 13. Apr 18 13. Apr 18 13,780,000 $0.07 $965,482
13. Apr 18 Buy Cho Yee Chung Individual 12. Apr 18 12. Apr 18 6,480,000 $0.07 $445,759
12. Apr 18 Buy Cho Yee Chung Individual 11. Apr 18 11. Apr 18 10,000,000 $0.07 $700,650
11. Apr 18 Buy Cho Yee Chung Individual 10. Apr 18 10. Apr 18 6,000,000 $0.07 $412,758
10. Apr 18 Buy Cho Yee Chung Individual 09. Apr 18 09. Apr 18 10,030,000 $0.07 $664,488
09. Apr 18 Buy Cho Yee Chung Individual 06. Apr 18 06. Apr 18 10,000,000 $0.06 $649,820
06. Apr 18 Buy Cho Yee Chung Individual 04. Apr 18 04. Apr 18 15,000,000 $0.06 $961,845
04. Apr 18 Buy Cho Yee Chung Individual 03. Apr 18 03. Apr 18 15,000,000 $0.06 $917,340
29. Mar 18 Buy Cho Yee Chung Individual 28. Mar 18 28. Mar 18 19,520,000 $0.06 $1,215,842
03. Apr 18 Buy Cho Yee Chung Individual 29. Mar 18 29. Mar 18 15,000,000 $0.06 $917,415
28. Mar 18 Buy Cho Yee Chung Individual 27. Mar 18 27. Mar 18 10,470,000 $0.06 $653,831
X
Management checks
We assess CSI Properties'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. CSI Properties 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.

CPSD.F News

Simply Wall St News

CPSD.F Company Info

Description

CSI Properties Limited, an investment holding company, engages in the property holding, development, and leasing activities in Hong Kong, the People’s Republic of China, and Macau. The company operates through four segments: Commercial Property Holding, Residential Property Holding, Macau Property Holding, and Securities Investment. Its property portfolio comprises commercial and residential properties. The company is also involved in securities trading and investment activities; issuing bonds; operating hotels; and providing property management and management, and loan financing services. CSI Properties Limited is headquartered in Central, Hong Kong.

Details
Name: CSI Properties Limited
CPSD.F
Exchange: OTCPK
Founded:
HK$498,660,499
10,037,089,676
Website: http://www.csigroup.hk
Address: CSI Properties Limited
Bank of America Tower,
31st Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 497 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Jun 1992
OTCPK CPSD.F Ordinary Shares Pink Sheets LLC US USD 01. Jun 1992
DB OIHC Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 1992
Number of employees
Current staff
Staff numbers
0
CSI Properties employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:06
End of day share price update: 2019/02/06 00:00
Last estimates confirmation: 2019/01/28
Last earnings filing: 2018/12/18
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.