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Longfor Group Holdings

OTCPK:LNGP.F
Snowflake Description

Undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LNGP.F
OTCPK
HK$163B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and management businesses in China. The last earnings update was 34 days ago. More info.


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LNGP.F Share Price and Events
7 Day Returns
0%
OTCPK:LNGP.F
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-
OTCPK:LNGP.F
-15.8%
US Real Estate
1.6%
US Market
LNGP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Longfor Group Holdings (LNGP.F) 0% -9.6% 10.1% - - -
US Real Estate -0.4% -8.9% -10.6% -15.8% 14.9% 0.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • No trading data on LNGP.F.
  • No trading data on LNGP.F.
Price Volatility
LNGP.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Longfor Group Holdings's competitors could be found in our database.

LNGP.F Value

 Is Longfor Group Holdings 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 Longfor Group Holdings 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 Longfor Group Holdings.

OTCPK:LNGP.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 25 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:LNGP.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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 25%) (88.71%))
1.57
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% + (1.57 * 5.96%)
12.08%

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

The calculations below outline how an intrinsic value for Longfor Group Holdings 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:LNGP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.08%)
2019 57,620.60 Analyst x5 51,408.01
2020 47,019.71 Analyst x7 37,427.09
2021 47,447.00 Analyst x6 33,695.19
2022 44,885.28 Est @ -5.4% 28,439.11
2023 43,556.50 Est @ -2.96% 24,621.71
2024 43,010.62 Est @ -1.25% 21,691.72
2025 42,985.55 Est @ -0.06% 19,341.66
2026 43,320.06 Est @ 0.78% 17,390.55
2027 43,910.83 Est @ 1.36% 15,727.11
2028 44,689.64 Est @ 1.77% 14,280.30
Present value of next 10 years cash flows CN¥264,022.44
OTCPK:LNGP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥44,689.64 × (1 + 2.73%) ÷ (12.08% – 2.73%)
CN¥490,757.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥490,757.26 ÷ (1 + 12.08%)10
CN¥156,818.42
OTCPK:LNGP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥264,022.44 + CN¥156,818.42
CN¥420,840.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥420,840.86 / 5,953.67
CN¥572.37
OTCPK:LNGP.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:960)
1.138
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥70.69 x 1.138
HK$80.41
Non-primary Listing Adjustment Factor 1 share in OTCPK:LNGP.F represents 0.1235x of SEHK:960
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1235x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 80.41 x 0.1235
$9.93
Value per share (USD) From above. $9.93
Current discount Discount to share price of $3.39
= -1 x ($3.39 - $9.93) / $9.93
65.9%

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

Current Discount
Amount off the current price Longfor Group Holdings is available for.
Intrinsic value
>50%
Share price is $3.39 vs Future cash flow value of $9.93
Current Discount Checks
For Longfor Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Longfor Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Longfor Group Holdings'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 Longfor Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Longfor Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LNGP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥2.78
SEHK:960 Share Price ** SEHK (2019-05-20) in HKD HK$27.45
SEHK:960 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥24.13
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of Longfor Group Holdings.

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

= SEHK:960 Share Price ÷ EPS (both in CNY)

= 24.13 ÷ 2.78

8.68x

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

  • Longfor Group Holdings is good value based on earnings compared to the US Real Estate industry average.
  • Longfor Group Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Longfor Group Holdings's expected growth come at a high price?
Raw Data
OTCPK:LNGP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts
14.2%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.68x ÷ 14.2%

0.61x

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

  • Longfor Group Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Longfor Group Holdings's assets?
Raw Data
OTCPK:LNGP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥13.75
SEHK:960 Share Price * SEHK (2019-05-20) in HKD HK$27.45
SEHK:960 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥24.13
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:LNGP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:960 Share Price ÷ Book Value per Share (both in CNY)

= 24.13 ÷ 13.75

1.75x

* Primary Listing of Longfor Group Holdings.

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

  • Longfor Group Holdings is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Longfor Group Holdings'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. Longfor Group Holdings has a total score of 5/6, 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.

LNGP.F Future Performance

 How is Longfor Group Holdings expected to perform in the next 1 to 3 years based on estimates from 25 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
14.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Longfor Group Holdings expected to grow at an attractive rate?
  • Longfor Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Longfor Group Holdings's earnings growth is expected to exceed the United States of America market average.
  • Longfor Group Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:LNGP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:LNGP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts 14.2%
OTCPK:LNGP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts 20.3%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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:LNGP.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 25 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LNGP.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 216,477 23,106 24,689 22
2020-12-31 183,051 14,215 20,383 24
2019-12-31 148,426 13,990 17,289 25
OTCPK:LNGP.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 115,798 77,874 16,237
2018-09-30 98,200 76,052 14,930
2018-06-30 80,602 74,231 13,623
2018-03-31 76,338 72,789 13,111
2017-12-31 72,075 71,347 12,599
2017-09-30 63,550 64,132 11,213
2017-06-30 55,025 56,918 9,827
2017-03-31 54,912 44,795 9,490
2016-12-31 54,799 32,673 9,153
2016-09-30 51,901 23,474 9,018
2016-06-30 49,002 14,274 8,883
2016-03-31 48,213 14,178 8,935

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Longfor Group Holdings's earnings are expected to grow by 14.2% yearly, however this is not considered high growth (20% yearly).
  • Longfor Group Holdings'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:LNGP.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 25 Analyst Estimates (S&P Global) See Below

All data from Longfor Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LNGP.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.12 5.25 3.62 18.00
2020-12-31 3.49 4.64 3.10 20.00
2019-12-31 2.95 3.79 2.66 21.00
OTCPK:LNGP.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 2.78
2018-09-30 2.56
2018-06-30 2.34
2018-03-31 2.25
2017-12-31 2.17
2017-09-30 1.93
2017-06-30 1.70
2017-03-31 1.63
2016-12-31 1.57
2016-09-30 1.55
2016-06-30 1.52
2016-03-31 1.53

*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.
  • Longfor Group Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Longfor Group Holdings'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.
Longfor Group Holdings 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.

LNGP.F Past Performance

  How has Longfor Group Holdings 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 Longfor Group Holdings'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.
  • Longfor Group Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Longfor Group Holdings's 1-year earnings growth exceeds its 5-year average (28.9% vs 13.9%)
  • Longfor Group Holdings's earnings growth has exceeded the US Real Estate industry average in the past year (28.9% vs -15.8%).
Earnings and Revenue History
Longfor Group Holdings'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 Longfor Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LNGP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 115,798.46 16,236.87 8,589.96
2018-09-30 98,200.06 14,930.11 7,439.41
2018-06-30 80,601.67 13,623.36 6,288.85
2018-03-31 76,338.35 13,110.98 5,676.49
2017-12-31 72,075.04 12,598.60 5,064.12
2017-09-30 63,550.09 11,212.99 4,420.96
2017-06-30 55,025.15 9,827.39 3,777.81
2017-03-31 54,912.32 9,490.17 3,613.93
2016-12-31 54,799.50 9,152.95 3,450.05
2016-09-30 51,900.88 9,017.89 3,012.38
2016-06-30 49,002.27 8,882.82 2,574.70
2016-03-31 48,212.68 8,935.43 2,513.84
2015-12-31 47,423.10 8,988.04 2,452.98
2015-09-30 49,629.13 8,585.18 2,333.46
2015-06-30 51,835.16 8,182.32 2,213.95
2015-03-31 51,412.92 8,267.98 2,288.52
2014-12-31 50,990.68 8,353.63 2,363.10
2014-09-30 46,607.49 8,276.08 2,407.27
2014-06-30 42,224.30 8,198.53 2,451.44
2014-03-31 41,867.23 8,117.88 2,211.52
2013-12-31 41,510.17 8,037.22 1,971.59
2013-09-30 35,041.03 7,186.90 1,832.16
2013-06-30 28,571.89 6,336.57 1,692.73
2013-03-31 28,232.36 6,318.82 1,627.01
2012-12-31 27,892.83 6,301.06 1,561.30
2012-09-30 29,342.60 6,957.42 1,513.14
2012-06-30 30,792.37 7,613.78 1,464.98

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

LNGP.F Health

 How is Longfor Group Holdings'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 Longfor Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Longfor Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Longfor Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Longfor Group Holdings'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 2.9x 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 Longfor Group Holdings Company Filings, last reported 4 months ago.

OTCPK:LNGP.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 140,818.13 127,446.30 45,083.07
2018-09-30 140,818.13 127,446.30 45,083.07
2018-06-30 120,424.70 140,563.49 42,044.65
2018-03-31 120,424.70 140,563.49 42,044.65
2017-12-31 106,178.68 84,258.88 26,642.15
2017-09-30 106,178.68 84,258.88 26,642.15
2017-06-30 83,484.69 84,691.99 22,822.80
2017-03-31 83,484.69 84,691.99 22,822.80
2016-12-31 75,115.18 64,551.72 17,607.62
2016-09-30 75,115.18 64,551.72 17,607.62
2016-06-30 64,608.17 60,571.82 16,174.51
2016-03-31 64,608.17 60,571.82 16,174.51
2015-12-31 62,467.65 53,887.49 17,919.66
2015-09-30 62,467.65 53,887.49 17,919.66
2015-06-30 53,056.00 49,453.10 16,781.12
2015-03-31 53,056.00 49,453.10 16,781.12
2014-12-31 50,272.00 47,743.38 18,794.48
2014-09-30 50,272.00 47,743.38 18,794.48
2014-06-30 43,854.52 47,229.94 17,761.67
2014-03-31 43,854.52 47,229.94 17,761.67
2013-12-31 39,775.42 37,917.90 14,399.18
2013-09-30 39,775.42 37,917.90 14,399.18
2013-06-30 35,292.71 35,615.82 12,924.60
2013-03-31 35,292.71 35,615.82 12,924.60
2012-12-31 32,577.41 32,950.92 18,383.52
2012-09-30 32,577.41 32,950.92 18,383.52
2012-06-30 27,402.74 30,038.20 17,047.39
  • Longfor Group Holdings's level of debt (90.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (95.5% vs 90.5% today).
  • Debt is well covered by operating cash flow (61.1%, greater than 20% of total debt).
  • Longfor Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Longfor Group Holdings'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. Longfor Group Holdings has a total score of 5/6, 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.

LNGP.F Dividends

 What is Longfor Group Holdings'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
4.1%
Current annual income from Longfor Group Holdings dividends. Estimated to be 6.08% next year.
If you bought $2,000 of Longfor Group Holdings 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?
  • Longfor Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Longfor Group Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.75%).
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:LNGP.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 25 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 2007 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 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:LNGP.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.75 21.00
2020-12-31 1.48 24.00
2019-12-31 1.21 24.00
OTCPK:LNGP.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.990 4.089
2018-08-21 0.773 4.054
2018-04-25 0.673 3.584
2018-03-23 0.673 3.532
2017-09-18 0.400 2.291
2017-08-16 0.400 2.497
2017-04-27 0.466 3.312
2017-03-24 0.466 3.951
2016-05-31 0.357 3.723
2015-05-26 0.284 3.245
2014-04-17 0.228 2.805
2014-03-21 0.228 2.617
2013-05-16 0.200 2.163
2012-03-12 0.175 1.704
2011-03-21 0.100 1.163
2010-04-26 0.063 0.793
2010-04-12 0.063 0.911

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

  • Longfor Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Longfor Group Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Longfor Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Longfor Group Holdings'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 Longfor Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Longfor Group Holdings 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.

LNGP.F Management

 What is the CEO of Longfor Group Holdings'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
Mingxiao Shao
COMPENSATION CN¥51,748,000
AGE 53
CEO Bio

Mr. Mingxiao Shao is the Chief Executive Officer of Longfor Properties Co. Ltd. Mr. Shao served as an Executive Deputy Chief Executive Officer of Longfor Properties Co., Ltd. until August 2011. He served as the General Manager of Beijing Business Operations at Longfor Properties Co. Ltd. He joined Longfor Properties Group as a General Manager of Beijing Longhu Properties in March 2006. From 1995 to 1996, Mr. Shao was employed as the Deputy General Manager of Hangyu Economic Development Company, a subsidiary of the Beijing Capital Group and later, from 1998 to 2000, he was the Deputy General Manager of Beijing Xinlian Xiechuang Real Estate Development Limited. From 2001 to 2003, he was the General Manager of Beijing Zhongjing Yiyuan Real Estate Development Limited. From 2003 to 2006, Mr. Shao was the Director of real estate development division of the Beijing Hualian Group. He has been an Executive Director of Longfor Properties Co. Ltd. since June 3, 2011. Mr. Shao graduated from Renmin University of China with a Master of Economics degree in 1992.

CEO Compensation
  • Mingxiao's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mingxiao's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Yajun Wu

TITLE
Chairperson of the Board
COMPENSATION
CN¥12M
AGE
54

Mingxiao Shao

TITLE
CEO & Executive Director
COMPENSATION
CN¥52M
AGE
53

Yi Zhao

TITLE
CFO & Executive Director
COMPENSATION
CN¥27M
AGE
41
TENURE
4.2 yrs

Chaojiang Li

TITLE
Executive Director
COMPENSATION
CN¥16M
AGE
50

Tyche Shi

TITLE
Head of Investor Relations Center

Ying Shen

TITLE
General Manager of the Human Resources Department
AGE
43

Guangjian Wang

TITLE
Senior Vice President
AGE
47

Lei Zhang

TITLE
Company Secretary
AGE
46
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Longfor Group Holdings board of directors in years:

7.9
Average Tenure
53.5
Average Age
  • The tenure for the Longfor Group Holdings board of directors is about average.
Board of Directors

Yajun Wu

TITLE
Chairperson of the Board
COMPENSATION
CN¥12M
AGE
54

Mingxiao Shao

TITLE
CEO & Executive Director
COMPENSATION
CN¥52M
AGE
53
TENURE
7.9 yrs

Yi Zhao

TITLE
CFO & Executive Director
COMPENSATION
CN¥27M
AGE
41
TENURE
4.2 yrs

Chaojiang Li

TITLE
Executive Director
COMPENSATION
CN¥16M
AGE
50
TENURE
2.5 yrs

Derek Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥342K
AGE
55
TENURE
9.5 yrs

Ming Zeng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥342K
AGE
48
TENURE
7.9 yrs

Frederick Peter Churchouse

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥342K
AGE
68
TENURE
9.5 yrs

Bing Xiang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥342K
AGE
55
TENURE
9.5 yrs
Who owns this company?
Recent Insider Trading
  • Longfor Group Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Apr 19 Sell Yi Zhao Individual 01. Apr 19 01. Apr 19 -57,054 $3.64 $-207,507
04. Apr 19 Sell Chaojiang Li Individual 01. Apr 19 01. Apr 19 -32,141 $3.64 $-116,897
04. Apr 19 Sell Mingxiao Shao Individual 01. Apr 19 01. Apr 19 -121,536 $3.64 $-442,029
23. Jan 19 Sell Junson Development International Limited Company 21. Jan 19 21. Jan 19 -150,000,000 $2.89 $-434,041,650
19. Jan 19 Buy Yajun Wu Individual 16. Jan 19 16. Jan 19 8,800,000 $2.89 $25,467,640
05. Dec 18 Sell Frederick Peter Churchouse Individual 30. Nov 18 30. Nov 18 -100,000 $2.81 $-280,806
06. Nov 18 Sell Frederick Peter Churchouse Individual 02. Nov 18 02. Nov 18 -55,000 $2.70 $-148,666
23. Oct 18 Sell Yajun Wu Individual 18. Oct 18 18. Oct 18 -126,500 $2.07 $-261,363
23. Oct 18 Buy Yajun Wu Individual 19. Oct 18 19. Oct 18 1,000 $2.07 $2,066
12. Oct 18 Buy Yajun Wu Individual 09. Oct 18 09. Oct 18 842,000 $2.31 $1,944,925
12. Oct 18 Buy Yajun Wu Individual 11. Oct 18 11. Oct 18 846,000 $2.20 $1,860,775
05. Oct 18 Buy Mingxiao Shao Individual 02. Oct 18 02. Oct 18 160,000 $2.55 $407,633
05. Sep 18 Sell Chi On Chan Individual 04. Sep 18 04. Sep 18 -143,000 $2.77 $-395,713
05. Sep 18 Sell Chi On Chan Individual 03. Sep 18 03. Sep 18 -57,000 $2.76 $-157,580
31. Aug 18 Sell Bing Xiang Individual 30. Aug 18 30. Aug 18 -50,000 $2.80 $-140,141
29. Aug 18 Buy Mingxiao Shao Individual 24. Aug 18 24. Aug 18 59,000 $2.76 $162,939
29. Aug 18 Buy Mingxiao Shao Individual 28. Aug 18 28. Aug 18 144,500 $2.80 $404,039
27. Aug 18 Sell Bing Xiang Individual 23. Aug 18 23. Aug 18 -100,000 $2.86 $-286,372
20. Jul 18 Buy Yajun Wu Individual 18. Jul 18 18. Jul 18 777,000 $2.60 $2,019,318
20. Jul 18 Buy Mingxiao Shao Individual 20. Jul 18 20. Jul 18 300,000 $2.54 $761,648
20. Jul 18 Buy Yajun Wu Individual 20. Jul 18 20. Jul 18 489,000 $2.55 $1,248,726
20. Jul 18 Buy Yajun Wu Individual 19. Jul 18 19. Jul 18 129,000 $2.57 $331,966
20. Jul 18 Buy Mingxiao Shao Individual 19. Jul 18 19. Jul 18 300,000 $2.61 $781,570
18. Jul 18 Buy Mingxiao Shao Individual 16. Jul 18 16. Jul 18 300,000 $2.65 $795,360
28. Jun 18 Sell Bing Xiang Individual 13. Jun 18 13. Jun 18 -50,000 $3.29 $-164,706
06. Jul 18 Buy Yajun Wu Individual 03. Jul 18 03. Jul 18 870,000 $2.61 $2,274,709
05. Jul 18 Buy Mingxiao Shao Individual 29. Jun 18 29. Jun 18 500,000 $2.67 $1,336,963
12. Jul 18 Buy Mingxiao Shao Individual 10. Jul 18 10. Jul 18 200,000 $2.73 $545,347
06. Jul 18 Buy Yajun Wu Individual 04. Jul 18 04. Jul 18 1,130,000 $2.59 $2,931,236
06. Jul 18 Buy Yajun Wu Individual 05. Jul 18 05. Jul 18 366,500 $2.54 $930,391
06. Jul 18 Buy Yajun Wu Individual 06. Jul 18 06. Jul 18 10,500 $2.54 $26,718
28. Jun 18 Buy Yajun Wu Individual 26. Jun 18 26. Jun 18 1,809,000 $2.77 $5,016,037
28. Jun 18 Buy Yajun Wu Individual 27. Jun 18 27. Jun 18 2,291,000 $2.69 $6,154,549
28. Jun 18 Sell Bing Xiang Individual 27. Jun 18 27. Jun 18 -300,000 $2.62 $-785,091
28. Jun 18 Buy Mingxiao Shao Individual 25. Jun 18 25. Jun 18 500,000 $2.84 $1,421,648
28. Jun 18 Buy Yajun Wu Individual 25. Jun 18 25. Jun 18 1,006,000 $2.83 $2,845,920
21. Jun 18 Buy Mingxiao Shao Individual 20. Jun 18 20. Jun 18 300,000 $3.03 $909,467
01. Jun 18 Buy Yajun Wu Individual 29. May 18 29. May 18 543,500 $3.00 $1,627,950
01. Jun 18 Buy Yajun Wu Individual 30. May 18 30. May 18 5,000,000 $2.90 $14,498,090
28. May 18 Buy Yajun Wu Individual 28. May 18 28. May 18 819,000 $3.00 $2,453,084
X
Management checks
We assess Longfor Group Holdings'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. Longfor Group Holdings 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.

LNGP.F News

Simply Wall St News

LNGP.F Company Info

Description

Longfor Group Holdings Limited, an investment holding company, engages in property development, investment, and management businesses in China. Its Property Development segment develops and sells office and commercial premises, and residential properties. The company’s Property Investment segment leases investment properties, including shopping malls and long-term rental apartments. Its Property Management and Related Services and Others segment provides property management and related services, as well as is involved in the hotel operation and others business. The company was formerly known as Longfor Properties Co. Ltd. and changed its name to Longfor Group Holdings Limited in June 2018. Longfor Group Holdings Limited was founded in 1993 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: Longfor Group Holdings Limited
LNGP.F
Exchange: OTCPK
Founded: 1993
HK$20,820,576,863
5,953,668,605
Website: http://www.longfor.com
Address: Longfor Group Holdings Limited
CSC Fortune International Center,
18th Floor,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 960 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Nov 2009
OTCPK LNGP.F Ordinary Shares Pink Sheets LLC US USD 19. Nov 2009
DB RLF Ordinary Shares Deutsche Boerse AG DE EUR 19. Nov 2009
SHSC 960 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Nov 2009
SZSC 960 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Nov 2009
OTCPK LGFR.Y UNSPONSORED ADR Pink Sheets LLC US USD 06. Aug 2012
Number of employees
Current staff
Staff numbers
27,010
Longfor Group Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:44
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/04/23
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.