OTCPK:CTRY.F

Stock Analysis Report

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Executive Summary

Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estae properties primarily in Mainland China.


Snowflake Analysis

Undervalued established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

CTRY.F

6.2%

US Real Estate

2.8%

US Market


1 Year Return

n/a

CTRY.F

-18.6%

US Real Estate

9.3%

US Market

Return vs Industry: Insufficient data to determine how CTRY.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how CTRY.F performed against the US Market.


Shareholder returns

CTRY.FIndustryMarket
7 Day0%6.2%2.8%
30 Day0.8%7.9%8.9%
90 Day-8.3%-28.5%-0.5%
1 Yearn/a-18.0%-18.6%11.8%9.3%
3 Year-6.2%-6.2%-21.0%-22.8%31.4%22.7%
5 Year175.0%175.0%-26.3%-28.5%58.7%40.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Country Garden Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTRY.F ($1.21) is trading below our estimate of fair value ($20.09)

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


Price To Earnings Ratio

PE vs Industry: CTRY.F is good value based on its PE Ratio (4.9x) compared to the Real Estate industry average (14.8x).

PE vs Market: CTRY.F is good value based on its PE Ratio (4.9x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: CTRY.F is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: CTRY.F is overvalued based on its PB Ratio (1.3x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Country Garden Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

12.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTRY.F's forecast earnings growth (12.8% per year) is above the savings rate (2.2%).

Earnings vs Market: CTRY.F's earnings (12.8% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: CTRY.F's revenue (14.2% per year) is forecast to grow faster than the US market (8.8% per year).

High Growth Revenue: CTRY.F's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTRY.F's Return on Equity is forecast to be high in 3 years time (23.4%)


Next Steps

Past Performance

How has Country Garden Holdings performed over the past 5 years?

34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTRY.F has high quality earnings.

Growing Profit Margin: CTRY.F's current net profit margins (8.1%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: CTRY.F's earnings have grown significantly by 34.7% per year over the past 5 years.

Accelerating Growth: CTRY.F's earnings growth over the past year (14.2%) is below its 5-year average (34.7% per year).

Earnings vs Industry: CTRY.F earnings growth over the past year (14.2%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: Whilst CTRY.F's Return on Equity (28%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Country Garden Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CTRY.F's short term assets (CN¥1,631.5B) exceed its short term liabilities (CN¥1,398.8B).

Long Term Liabilities: CTRY.F's short term assets (CN¥1,631.5B) exceed its long term liabilities (CN¥289.8B).


Debt to Equity History and Analysis

Debt Level: CTRY.F's debt to equity ratio (169.2%) is considered high.

Reducing Debt: CTRY.F's debt to equity ratio has increased from 97.7% to 169.2% over the past 5 years.

Debt Coverage: CTRY.F's debt is not well covered by operating cash flow (4%).

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


Balance Sheet


Next Steps

Dividend

What is Country Garden Holdings's current dividend yield, its reliability and sustainability?

6.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTRY.F's dividend (6.32%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: CTRY.F's dividend (6.32%) is in the top 25% of dividend payers in the US market (4.55%)


Stability and Growth of Payments

Stable Dividend: CTRY.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: CTRY.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.9%), CTRY.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CTRY.F's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).


Next Steps

Management

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

11.7yrs

Average board tenure


CEO

Bin Mo (52yo)

no data

Tenure

CN¥68,706,000

Compensation

Mr. Bin Mo has been the President and Executive Director of Country Garden Holdings Company Limited since July 22, 2010 and serves as its Chief Executive Officer. Mr. Mo has been Non Executive Director of  ...


CEO Compensation Analysis

Compensation vs Market: Bin's total compensation ($USD9.64M) is about average for companies of similar size in the US market ($USD11.64M).

Compensation vs Earnings: Bin's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Kwok Keung Yeung
Founder & Chairman13.5yrsCN¥15.67mno data
Huiyan Yang
Co-Chairman1.5yrsCN¥25.34m58.39% CN¥15.9b
Bin Mo
Presidentno dataCN¥68.71m0.32% CN¥86.0m
Zhicheng Yang
Regional President & Executive Director13.5yrsCN¥44.64mno data
Jun Song
Executive Director7.08yrsCN¥31.07mno data
Baiyuan Su
Executive Director6.5yrsCN¥21.62m0.0041% CN¥1.1m
Ziying Yang
Executive Director9.08yrsCN¥13.41mno data
Wui Tung Tong
Independent Non-Executive Director13.5yrsCN¥330.00k0.0047% CN¥1.3m
Lai Him Shek
Independent Non-Executive Director13.5yrsCN¥330.00k0.0049% CN¥1.3m
Ming Lai
Independent Non-Executive Director13.5yrsCN¥330.00k0.0048% CN¥1.3m

11.7yrs

Average Tenure

52.5yo

Average Age

Experienced Board: CTRY.F's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CTRY.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Country Garden Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Country Garden Holdings Company Limited
  • Ticker: CTRY.F
  • Exchange: OTCPK
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$211.267b
  • Listing Market Cap: HK$27.255b
  • Shares outstanding: 21.58b
  • Website: https://www.countrygarden.com.cn

Number of Employees


Location

  • Country Garden Holdings Company Limited
  • Country Garden Centre
  • No. 1 Country Garden Road
  • Foshan
  • Guangdong Province
  • 528312
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2007SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2007
DZJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2007
CTRY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2007
2007SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDApr 2007
2007SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDApr 2007
CTRY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMay 2009

Biography

Country Garden Holdings Company Limited, an investment holding company, invests, develops, and constructs real estae properties primarily in Mainland China. The company operates through two segments, Property Development and Construction. It develops residential projects, such as townhouses and condos; and car-parks and retail shops. The company also develops, operates, and manages hotels. In addition, it is researches and develops robot intelligence; develops electronic hardware and biomass energy; sells food; and provides interior decoration, landscape design, agriculture and animal husbandry, investment consulting, cultural activity planning, and real estate consulting services. Country Garden Holdings Company Limited was founded in 1992 and is headquartered in Foshan, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 04:29
End of Day Share Price2020/05/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.