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Poly Property Group

OTCPK:PHKI.F
Snowflake Description

Very undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHKI.F
OTCPK
HK$10B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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 last earnings update was 30 days ago. More info.


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PHKI.F Share Price and Events
7 Day Returns
0%
OTCPK:PHKI.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
-
OTCPK:PHKI.F
-16.5%
US Real Estate
2.9%
US Market
PHKI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Poly Property Group (PHKI.F) 0% - - - - -13.5%
US Real Estate -0.8% -6.9% -9.9% -16.5% 14.5% 1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on PHKI.F.
  • No trading data on PHKI.F.
Price Volatility
PHKI.F
Industry
5yr Volatility vs Market

Value

 Is Poly Property Group 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 Poly Property Group 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 Poly Property Group.

OTCPK:PHKI.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 5 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:PHKI.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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.108 (1 + (1- 25%) (605.47%))
4.442
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:PHKI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Poly Property Group 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:PHKI.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 16.03%)
2019 3,413.60 Analyst x1 2,942.00
2020 3,365.81 Analyst x1 2,500.05
2021 3,360.23 Est @ -0.17% 2,151.09
2022 3,383.85 Est @ 0.7% 1,866.94
2023 3,428.21 Est @ 1.31% 1,630.11
2024 3,487.75 Est @ 1.74% 1,429.30
2025 3,558.71 Est @ 2.03% 1,256.90
2026 3,638.55 Est @ 2.24% 1,107.56
2027 3,725.48 Est @ 2.39% 977.35
2028 3,818.30 Est @ 2.49% 863.31
Present value of next 10 years cash flows HK$16,724.60
OTCPK:PHKI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$3,818.30 × (1 + 2.73%) ÷ (16.03% – 2.73%)
HK$29,492.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$29,492.80 ÷ (1 + 16.03%)10
HK$6,668.27
OTCPK:PHKI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$16,724.60 + HK$6,668.27
HK$23,392.86
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$23,392.86 / 3,661.54
HK$6.39
OTCPK:PHKI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:PHKI.F represents 0.14289x of SEHK:119
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.14289x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.39 x 0.14289
$0.91
Value per share (USD) From above. $0.91
Current discount Discount to share price of $0.38
= -1 x ($0.38 - $0.91) / $0.91
58.4%

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

Current Discount
Amount off the current price Poly Property Group is available for.
Intrinsic value
>50%
Share price is $0.3801 vs Future cash flow value of $0.91293
Current Discount Checks
For Poly Property Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Poly Property Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Poly Property Group'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 Poly Property Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Poly Property Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:PHKI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.61
SEHK:119 Share Price ** SEHK (2019-05-08) in HKD HK$2.66
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.11x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

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

** Primary Listing of Poly Property Group.

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

= SEHK:119 Share Price ÷ EPS (both in HKD)

= 2.66 ÷ 0.61

4.34x

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

  • Poly Property Group is good value based on earnings compared to the US Real Estate industry average.
  • Poly Property Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Poly Property Group's expected growth come at a high price?
Raw Data
OTCPK:PHKI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
20.4%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.45x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.34x ÷ 20.4%

0.21x

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

  • Poly Property Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Poly Property Group's assets?
Raw Data
OTCPK:PHKI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$8.16
SEHK:119 Share Price * SEHK (2019-05-08) in HKD HK$2.66
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.51x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:PHKI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:119 Share Price ÷ Book Value per Share (both in HKD)

= 2.66 ÷ 8.16

0.33x

* Primary Listing of Poly Property Group.

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

  • Poly Property Group is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Poly Property Group'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. Poly Property Group 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.

Future Performance

 How is Poly Property Group expected to perform in the next 1 to 3 years based on estimates from 5 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
20.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Poly Property Group expected to grow at an attractive rate?
  • Poly Property Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Poly Property Group's earnings growth is expected to exceed the United States of America market average.
  • Poly Property Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:PHKI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:PHKI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 20.4%
OTCPK:PHKI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 18.6%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
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:PHKI.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 5 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:PHKI.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 43,359 40 4,321 4
2020-12-31 39,929 -154 4,030 5
2019-12-31 34,373 -806 3,499 5
OTCPK:PHKI.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 23,234 375 2,242
2018-09-30 23,606 3,372 2,348
2018-06-30 23,977 6,369 2,454
2018-03-31 27,840 6,876 2,458
2017-12-31 31,703 7,383 2,462
2017-09-30 33,505 5,762 1,557
2017-06-30 35,306 4,141 651
2017-03-31 32,943 4,612 366
2016-12-31 30,580 5,082 81
2016-09-30 29,008 4,909 -1,390
2016-06-30 27,436 4,736 -2,861
2016-03-31 26,185 2,213 -2,839

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Poly Property Group's earnings are expected to grow significantly at over 20% yearly.
  • Poly Property Group's revenue is expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:PHKI.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 5 Analyst Estimates (S&P Global) See Below

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

OTCPK:PHKI.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.18 1.36 1.00 2.00
2020-12-31 1.04 1.22 0.92 3.00
2019-12-31 0.95 1.11 0.82 3.00
OTCPK:PHKI.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.61
2018-09-30 0.64
2018-06-30 0.67
2018-03-31 0.67
2017-12-31 0.67
2017-09-30 0.43
2017-06-30 0.18
2017-03-31 0.10
2016-12-31 0.02
2016-09-30 -0.38
2016-06-30 -0.78
2016-03-31 -0.78

*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.
  • Poly Property Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Poly Property Group'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.
Poly Property Group has a total score of 4/6, 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.

Past Performance

  How has Poly Property Group 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 Poly Property Group'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.
  • Poly Property Group's year on year earnings growth rate has been positive over the past 5 years.
  • Poly Property Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Poly Property Group's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Poly Property Group'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 Poly Property Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:PHKI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23,233.64 2,241.59 2,299.30
2018-09-30 23,605.51 2,347.81 2,260.11
2018-06-30 23,977.38 2,454.02 2,220.92
2018-03-31 27,840.21 2,458.04 2,318.09
2017-12-31 31,703.04 2,462.06 2,415.26
2017-09-30 33,504.52 1,556.52 2,379.66
2017-06-30 35,306.00 650.99 2,344.06
2017-03-31 32,943.16 365.87 2,218.62
2016-12-31 30,580.33 80.75 2,093.17
2016-09-30 29,008.22 -1,390.29 2,121.83
2016-06-30 27,436.11 -2,861.32 2,150.48
2016-03-31 26,184.74 -2,839.23 2,134.23
2015-12-31 24,933.37 -2,817.15 2,117.97
2015-09-30 24,861.31 -1,459.16 2,132.63
2015-06-30 24,789.26 -101.17 2,147.29
2015-03-31 26,649.00 414.14 2,239.24
2014-12-31 28,508.74 929.45 2,331.18
2014-09-30 28,992.43 1,409.89 2,391.48
2014-06-30 29,476.12 1,890.33 2,451.79
2014-03-31 29,050.56 2,302.98 2,465.96
2013-12-31 28,625.01 2,715.63 2,480.14
2013-09-30 26,601.68 3,117.12 2,365.48
2013-06-30 24,578.36 3,518.62 2,250.83
2013-03-31 22,636.89 3,074.22 2,119.31
2012-12-31 20,695.43 2,629.82 1,987.78
2012-09-30 18,539.23 2,791.98 1,905.03
2012-06-30 16,383.04 2,954.13 1,822.28

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

Health

 How is Poly Property Group'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 Poly Property Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Poly Property Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Poly Property Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Poly Property Group'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 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Poly Property Group Company Filings, last reported 4 months ago.

OTCPK:PHKI.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32,559.41 58,970.42 23,152.88
2018-09-30 32,559.41 58,970.42 23,152.88
2018-06-30 31,370.25 50,409.23 20,640.45
2018-03-31 31,370.25 50,409.23 20,640.45
2017-12-31 30,816.58 49,917.18 20,921.65
2017-09-30 30,816.58 49,917.18 20,921.65
2017-06-30 28,055.17 48,110.59 17,762.52
2017-03-31 28,055.17 48,110.59 17,762.52
2016-12-31 26,982.06 50,502.28 17,581.48
2016-09-30 26,982.06 50,502.28 17,581.48
2016-06-30 28,879.00 56,074.37 20,871.87
2016-03-31 28,879.00 56,074.37 20,871.87
2015-12-31 29,425.95 56,036.06 17,908.12
2015-09-30 29,425.95 56,036.06 17,908.12
2015-06-30 33,788.20 58,230.51 18,480.39
2015-03-31 33,788.20 58,230.51 18,480.39
2014-12-31 34,099.22 55,761.04 16,237.84
2014-09-30 34,099.22 55,761.04 16,237.84
2014-06-30 33,285.59 51,272.05 14,250.33
2014-03-31 33,285.59 51,272.05 14,250.33
2013-12-31 32,602.14 44,463.49 14,827.05
2013-09-30 32,602.14 44,463.49 14,827.05
2013-06-30 32,116.65 52,976.12 23,793.51
2013-03-31 32,116.65 52,976.12 23,793.51
2012-12-31 30,047.35 44,694.48 14,308.60
2012-09-30 30,047.35 44,694.48 14,308.60
2012-06-30 28,349.37 45,059.79 13,585.28
  • Poly Property Group's level of debt (181.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (136.6% vs 181.1% today).
  • Debt is not well covered by operating cash flow (0.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
X
Financial health checks
We assess Poly Property Group'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. Poly Property Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Poly Property Group'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
4.62%
Current annual income from Poly Property Group dividends. Estimated to be 9.29% next year.
If you bought $2,000 of Poly Property Group shares you are expected to receive $92 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?
  • Poly Property Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Poly Property Group's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:PHKI.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 5 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 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:PHKI.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.28 3.00
2020-12-31 0.24 5.00
2019-12-31 0.23 5.00
OTCPK:PHKI.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.123 4.068
2019-03-29 0.123 3.586
2018-04-19 0.135 4.644
2018-03-21 0.135 3.519
2016-09-26 0.000 0.000
2016-08-30 0.000 0.000
2016-04-29 0.000 0.000
2016-03-22 0.000 0.000
2015-04-23 0.076 2.872
2015-03-27 0.076 1.800
2014-04-25 0.223 6.632
2013-04-22 0.218 5.093
2013-03-20 0.218 4.386
2012-09-19 0.000 0.000
2012-08-24 0.000 0.000
2012-03-16 0.000 0.000
2011-03-30 0.155 3.746
2010-02-22 0.044 0.550

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

  • Poly Property Group 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 Poly Property Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Poly Property Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Poly Property Group'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 Poly Property Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Poly Property Group 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.

Management

 What is the CEO of Poly Property Group'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
Jian Wang
AGE 46
TENURE AS CEO 0.3 years
CEO Bio

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 Technology. Mr. Wong is a director of Poly (Hong Kong) Holdings Limited and a director and the general manager of Poly Property Group Co., Limited (a wholly owned subsidiary of the Company established in the PRC). Prior to joining the Company, Mr. Wang was the deputy general manager of Poly Developments and Holdings Group Co., Ltd.

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

Average tenure and age of the Poly Property Group management team in years:

0.3
Average Tenure
55
Average Age
  • The average tenure for the Poly Property Group management team is less than 2 years, this suggests a new team.
Management Team

Qingtao Han

TITLE
Vice Chairman
COMPENSATION
HK$3M
AGE
57

Ming Xue

TITLE
Executive Director
COMPENSATION
HK$498K
AGE
56

Liwen Ye

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
47
TENURE
0.3 yrs

Xu Wang

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
58
TENURE
11.6 yrs

Weirong Zhu

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
55
TENURE
0.3 yrs

Bingnan Zhang

TITLE
Chairman of the Board
AGE
45

Jian Wang

TITLE
MD & Executive Director
AGE
46
TENURE
0.3 yrs

Chi Ping Pun

TITLE
Assistant to the GM & Financial Controller
AGE
51

Helen Qiu

TITLE
Deputy Head of Investor Relations

Guangming Wu

TITLE
Deputy General Manager
AGE
56
Board of Directors Tenure

Average tenure and age of the Poly Property Group board of directors in years:

7.6
Average Tenure
55.5
Average Age
  • The tenure for the Poly Property Group board of directors is about average.
Board of Directors

Qingtao Han

TITLE
Vice Chairman
COMPENSATION
HK$3M
AGE
57
TENURE
0.3 yrs

Ming Xue

TITLE
Executive Director
COMPENSATION
HK$498K
AGE
56
TENURE
13.1 yrs

Liwen Ye

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
47
TENURE
12.5 yrs

Xu Wang

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
58
TENURE
11.6 yrs

Weirong Zhu

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
55
TENURE
2.8 yrs

Bingnan Zhang

TITLE
Chairman of the Board
AGE
45
TENURE
0.3 yrs

Jian Wang

TITLE
MD & Executive Director
AGE
46
TENURE
0.3 yrs

Shu Kwan Choy

TITLE
Independent Non-Executive Director
COMPENSATION
HK$314K
AGE
63
TENURE
14.8 yrs

Sylvia Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$314K
AGE
54
TENURE
8.8 yrs

Ka Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$314K
AGE
69
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Poly Property Group'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. Poly Property Group 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.

News

Simply Wall St News

Company Info

Description

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; property investment and management business; hotel and restaurant business, as well as provision of related services; and manufacturing and sale of digital discs and others. The company also provides financial, management, and asset management services. The company was formerly known as Poly (Hong Kong) Investments Limited. Poly Property Group Co., Limited is based in Hong Kong, Hong Kong.

Details
Name: Poly Property Group Co., Limited
PHKI.F
Exchange: OTCPK
Founded:
HK$1,240,859,016
3,661,537,046
Website: http://www.polyhongkong.com
Address: Poly Property Group Co., Limited
Room 2503, Tower 1,
Admiralty Centre,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 119 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Nov 1993
OTCPK PHKI.F Ordinary Shares Pink Sheets LLC US USD 09. Nov 1993
DB CMJ Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 1993
SHSC 119 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 09. Nov 1993
SZSC 119 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 09. Nov 1993
Number of employees
Current staff
Staff numbers
13,152
Poly Property Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:09
End of day share price update: 2019/05/08 00:00
Last estimates confirmation: 2019/05/19
Last earnings filing: 2019/04/24
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.