OTCPK:PHKI.F

Stock Analysis Report

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Executive Summary

Poly Property Group Co., Limited, an investment holding company, engages in the property development, investment, and management activities in Hong Kong and the People’s Republic of China.


Snowflake Analysis

Established dividend payer with proven track record.

Share Price & News

How has Poly Property Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHKI.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

PHKI.F

2.1%

US Real Estate

1.7%

US Market


1 Year Return

n/a

PHKI.F

-18.1%

US Real Estate

8.5%

US Market

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

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


Shareholder returns

PHKI.FIndustryMarket
7 Day0%2.1%1.7%
30 Day0%10.6%9.5%
90 Dayn/a-27.1%0.1%
1 Yearn/a-17.5%-18.1%11.0%8.5%
3 Year-30.1%-30.1%-17.9%-19.8%32.2%23.5%
5 Year-58.9%-58.9%-24.4%-26.7%58.6%40.8%

Price Volatility Vs. Market

How volatile is Poly Property Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Poly Property Group undervalued compared to its fair value and its price relative to the market?

2.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PHKI.F ($0.26) is trading above our estimate of fair value ($0.17)

Significantly Below Fair Value: PHKI.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PHKI.F is good value based on its PE Ratio (2.5x) compared to the Real Estate industry average (14.8x).

PE vs Market: PHKI.F is good value based on its PE Ratio (2.5x) compared to the US market (15.7x).


Price to Earnings Growth Ratio

PEG Ratio: PHKI.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PHKI.F is good value based on its PB Ratio (0.3x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Poly Property Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHKI.F's earnings are forecast to decline over the next 3 years (-0.6% per year).

Earnings vs Market: PHKI.F's earnings are forecast to decline over the next 3 years (-0.6% per year).

High Growth Earnings: PHKI.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PHKI.F's revenue (1% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: PHKI.F's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHKI.F's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has Poly Property Group performed over the past 5 years?

58.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHKI.F has high quality earnings.

Growing Profit Margin: PHKI.F's current net profit margins (9.6%) are lower than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: PHKI.F's earnings have grown significantly by 58.7% per year over the past 5 years.

Accelerating Growth: PHKI.F's earnings growth over the past year (71%) exceeds its 5-year average (58.7% per year).

Earnings vs Industry: PHKI.F earnings growth over the past year (71%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: PHKI.F's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Poly Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: PHKI.F's short term assets (HK$131.4B) exceed its short term liabilities (HK$72.8B).

Long Term Liabilities: PHKI.F's short term assets (HK$131.4B) exceed its long term liabilities (HK$51.6B).


Debt to Equity History and Analysis

Debt Level: PHKI.F's debt to equity ratio (191.3%) is considered high.

Reducing Debt: PHKI.F's debt to equity ratio has increased from 163.6% to 191.3% over the past 5 years.

Debt Coverage: PHKI.F's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PHKI.F's interest payments on its debt are well covered by EBIT (8.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Poly Property Group's current dividend yield, its reliability and sustainability?

8.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PHKI.F's dividend (8.04%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: PHKI.F's dividend (8.04%) is in the top 25% of dividend payers in the US market (4.55%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20%), PHKI.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PHKI.F's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Jian Wang (47yo)

1.33yrs

Tenure

HK$4,699,000

Compensation

Mr. Jian Wang has been Managing Director and Executive Director of Poly Property Group Co., Limited since February 1, 2019. Mr. Wang holds a master degree in architecture from South China University of Tec ...


CEO Compensation Analysis

Compensation vs Market: Jian's total compensation ($USD606.21K) is below average for companies of similar size in the US market ($USD4.76M).

Compensation vs Earnings: Insufficient data to compare Jian's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Bingnan Zhang
Executive Chairman of the Board1.33yrsHK$4.70mno data
Jian Wang
MD & Executive Director1.33yrsHK$4.70mno data
Qingtao Han
Vice Chairman1.33yrsHK$4.71mno data
Ming Xue
Executive Director14.17yrsHK$1.66m0.028% HK$342.2k
Liwen Ye
Deputy GM & Executive Director13.58yrsHK$4.23mno data
Weirong Zhu
Deputy GM & Executive Director3.83yrsHK$4.23mno data
Chi Ping Pun
Assistant to the GM & Financial Controllerno datano datano data
Helen Qiu
Deputy Head of Investor Relationsno datano datano data
Guangming Wu
Deputy General Managerno datano datano data
Hiu Chan
Deputy General Managerno datano datano data

1.4yrs

Average Tenure

56yo

Average Age

Experienced Management: PHKI.F's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bingnan Zhang
Executive Chairman of the Board1.33yrsHK$4.70mno data
Jian Wang
MD & Executive Director1.33yrsHK$4.70mno data
Qingtao Han
Vice Chairman1.33yrsHK$4.71mno data
Ming Xue
Executive Director14.17yrsHK$1.66m0.028% HK$342.2k
Liwen Ye
Deputy GM & Executive Director13.58yrsHK$4.23mno data
Weirong Zhu
Deputy GM & Executive Director3.83yrsHK$4.23mno data
Chun Chung Ip
Independent Non-Executive Director19.42yrsHK$339.00kno data
Shu Kwan Choy
Independent Non-Executive Director15.92yrsHK$339.00k0.0082% HK$100.6k
Sau Fan Leung
Independent Non-Executive Director9.83yrsHK$339.00k0.00090% HK$11.1k
Ka Wong
Independent Non-Executive Director7.58yrsHK$339.00kno data

8.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: PHKI.F's board of directors are considered experienced (8.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Poly Property Group Co., Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Poly Property Group Co., Limited
  • Ticker: PHKI.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$9.520b
  • Listing Market Cap: HK$1.228b
  • Shares outstanding: 3.66b
  • Website: https://www.polyhongkong.com

Number of Employees


Location

  • Poly Property Group Co., Limited
  • Room 2503, Tower 1
  • Admiralty Centre
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
119SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1993
CMJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1993
PHKI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1993
119SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1993
119SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1993

Biography

Poly Property Group Co., Limited, an investment holding company, engages in the property development, investment, and management activities in Hong Kong and the People’s Republic of China. The company operates in four segments: Property Development, Property Investment and Management, Hotel Operations, and Other Operations. It is involved in the development of residential and commercial properties; and hotel and restaurant business, as well as provision of related services. The company also provides financial, management, asset management, property agency, and construction services. In addition, it manufactures and sells digital discs and others. The company was formerly known as Poly (Hong Kong) Investments Limited. Poly Property Group Co., Limited is based in Hong Kong, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 04:33
End of Day Share Price2020/03/23 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.