Loading...

Shimao Property Holdings

OTCPK:SHMA.Y
Snowflake Description

Very undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SHMA.Y
OTCPK
HK$68B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Shimao Property Holdings Limited, an investment holding company, engages in the property development and investment activities in the People’s Republic of China. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
SHMA.Y Share Price and Events
7 Day Returns
0%
OTCPK:SHMA.Y
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:SHMA.Y
-15.7%
US Real Estate
3%
US Market
SHMA.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shimao Property Holdings (SHMA.Y) 0% 0% - - 136.5% -
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on SHMA.Y.
  • No trading data on SHMA.Y.
Price Volatility
SHMA.Y
Industry
5yr Volatility vs Market

Value

 Is Shimao Property 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 Shimao Property 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 Shimao Property Holdings.

OTCPK:SHMA.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 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:SHMA.Y
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))
= 1.11 (1 + (1- 25%) (209.68%))
2.244
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:SHMA.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shimao Property 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:SHMA.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 16.03%)
2019 -7,991.86 Analyst x7 -6,887.75
2020 6,128.00 Analyst x3 4,551.75
2021 36,079.33 Analyst x3 23,096.58
2022 61,160.90 Est @ 69.52% 33,743.70
2023 91,424.23 Est @ 49.48% 43,472.02
2024 123,839.63 Est @ 35.46% 50,750.22
2025 155,589.92 Est @ 25.64% 54,952.75
2026 184,787.55 Est @ 18.77% 56,248.43
2027 210,574.71 Est @ 13.96% 55,242.53
2028 232,869.35 Est @ 10.59% 52,651.34
Present value of next 10 years cash flows CN¥367,821.56
OTCPK:SHMA.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥232,869.35 × (1 + 2.73%) ÷ (16.03% – 2.73%)
CN¥1,798,696.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,798,696.89 ÷ (1 + 16.03%)10
CN¥406,682.10
OTCPK:SHMA.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥367,821.56 + CN¥406,682.10
CN¥774,503.66
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥774,503.66 / 3,162.92
CN¥163.88
OTCPK:SHMA.Y Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:813)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥244.87 x 1.135
HK$277.86
Value per share (USD) From above. $415.19
Current discount Discount to share price of $32.35
= -1 x ($32.35 - $415.19) / $415.19
92.2%

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

Current Discount
Amount off the current price Shimao Property Holdings is available for.
Intrinsic value
>50%
Share price is $32.35 vs Future cash flow value of $415.19
Current Discount Checks
For Shimao Property Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shimao Property Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shimao Property 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 Shimao Property Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shimao Property Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SHMA.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥2.65
SEHK:813 Share Price ** SEHK (2019-04-16) in HKD HK$21.65
SEHK:813 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥19.08
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Shimao Property Holdings.

OTCPK:SHMA.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:813 Share Price ÷ EPS (both in CNY)

= 19.08 ÷ 2.65

7.21x

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

  • Shimao Property Holdings is good value based on earnings compared to the US Real Estate industry average.
  • Shimao Property Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Shimao Property Holdings's expected growth come at a high price?
Raw Data
OTCPK:SHMA.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
21.9%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 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:SHMA.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.21x ÷ 21.9%

0.33x

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

  • Shimao Property Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Shimao Property Holdings's assets?
Raw Data
OTCPK:SHMA.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥18.01
SEHK:813 Share Price * SEHK (2019-04-16) in HKD HK$21.65
SEHK:813 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥19.08
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:SHMA.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:813 Share Price ÷ Book Value per Share (both in CNY)

= 19.08 ÷ 18.01

1.06x

* Primary Listing of Shimao Property Holdings.

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

  • Shimao Property Holdings is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Shimao Property 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. Shimao Property Holdings 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 Shimao Property Holdings expected to perform in the next 1 to 3 years based on estimates from 24 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
21.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shimao Property Holdings expected to grow at an attractive rate?
  • Shimao Property Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Shimao Property Holdings's earnings growth is expected to exceed the United States of America market average.
  • Shimao Property Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SHMA.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SHMA.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 21.9%
OTCPK:SHMA.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 23%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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:SHMA.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SHMA.Y Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 175,569 5,257 17,539 15
2020-12-31 142,395 2,255 14,124 22
2019-12-31 113,012 -188 11,491 24
OTCPK:SHMA.Y Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 85,513 2,210 8,835
2018-09-30 81,344 5,100 8,533
2018-06-30 77,175 7,990 8,232
2018-03-31 73,800 9,735 8,036
2017-12-31 70,426 11,479 7,840
2017-09-30 67,759 6,369 6,932
2017-06-30 65,092 1,258 6,023
2017-03-31 62,189 -1,101 5,597
2016-12-31 59,286 -3,461 5,172
2016-09-30 58,921 -2,419 5,379
2016-06-30 58,556 -1,377 5,586
2016-03-31 58,145 474 5,851

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shimao Property Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Shimao Property 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:SHMA.Y 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 24 Analyst Estimates (S&P Global) See Below

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

OTCPK:SHMA.Y Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.26 6.43 4.47 12.00
2020-12-31 4.23 5.51 3.56 18.00
2019-12-31 3.44 3.75 3.11 19.00
OTCPK:SHMA.Y Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 2.65
2018-09-30 2.54
2018-06-30 2.44
2018-03-31 2.38
2017-12-31 2.32
2017-09-30 2.05
2017-06-30 1.78
2017-03-31 1.64
2016-12-31 1.51
2016-09-30 1.56
2016-06-30 1.61
2016-03-31 1.69

*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.
  • Shimao Property Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shimao Property 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.
Shimao Property 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.

Past Performance

  How has Shimao Property 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 Shimao Property 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.
  • Shimao Property Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Shimao Property Holdings's 1-year earnings growth exceeds its 5-year average (12.7% vs 0.3%)
  • Shimao Property Holdings's earnings growth has exceeded the US Real Estate industry average in the past year (12.7% vs -15.8%).
Earnings and Revenue History
Shimao Property 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 Shimao Property Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SHMA.Y 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 85,512.70 8,834.79 5,452.95
2018-09-30 81,343.86 8,533.37 5,025.67
2018-06-30 77,175.02 8,231.95 4,598.38
2018-03-31 73,800.45 8,036.22 4,525.03
2017-12-31 70,425.87 7,840.49 4,451.68
2017-09-30 67,758.71 6,931.63 4,374.80
2017-06-30 65,091.54 6,022.77 4,297.93
2017-03-31 62,188.85 5,597.31 4,196.65
2016-12-31 59,286.16 5,171.86 4,095.36
2016-09-30 58,921.24 5,378.71 4,399.49
2016-06-30 58,556.32 5,585.57 4,703.61
2016-03-31 58,144.65 5,850.68 4,798.64
2015-12-31 57,732.97 6,115.78 4,893.67
2015-09-30 59,665.58 6,798.93 4,690.51
2015-06-30 61,598.19 7,482.07 4,487.34
2015-03-31 58,839.37 7,792.95 4,395.46
2014-12-31 56,080.55 8,103.83 4,303.58
2014-09-30 52,290.86 8,101.92 4,205.36
2014-06-30 48,501.17 8,100.00 4,107.15
2014-03-31 45,001.92 7,744.93 3,848.09
2013-12-31 41,502.66 7,389.86 3,589.04
2013-09-30 36,572.28 6,754.98 3,333.96
2013-06-30 31,641.91 6,120.10 3,078.88
2013-03-31 30,147.07 5,942.37 2,970.80
2012-12-31 28,652.24 5,764.63 2,862.71
2012-09-30 28,098.97 5,652.44 2,584.11
2012-06-30 27,545.69 5,540.24 2,305.51

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

Health

 How is Shimao Property 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 Shimao Property Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shimao Property Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shimao Property Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shimao Property 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 2.3x 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 Shimao Property Holdings Company Filings, last reported 4 months ago.

OTCPK:SHMA.Y Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 105,280.18 126,534.36 43,700.76
2018-09-30 105,280.18 126,534.36 43,700.76
2018-06-30 103,611.69 110,763.46 31,024.24
2018-03-31 103,611.69 110,763.46 31,024.24
2017-12-31 96,746.80 100,331.31 28,538.63
2017-09-30 96,746.80 100,331.31 28,538.63
2017-06-30 93,108.01 79,319.07 19,809.55
2017-03-31 93,108.01 79,319.07 19,809.55
2016-12-31 88,216.99 76,358.57 22,449.37
2016-09-30 88,216.99 76,358.57 22,449.37
2016-06-30 84,148.27 78,546.21 18,894.54
2016-03-31 84,148.27 78,546.21 18,894.54
2015-12-31 74,749.32 76,463.52 22,633.63
2015-09-30 74,749.32 76,463.52 22,633.63
2015-06-30 69,145.92 72,747.63 27,334.90
2015-03-31 69,145.92 72,747.63 27,334.90
2014-12-31 64,983.08 67,844.83 20,471.83
2014-09-30 64,983.08 67,844.83 20,471.83
2014-06-30 57,448.16 60,854.14 18,186.65
2014-03-31 57,448.16 60,854.14 18,186.65
2013-12-31 51,851.86 55,499.03 17,026.02
2013-09-30 51,851.86 55,499.03 17,026.02
2013-06-30 43,788.22 45,610.50 16,872.62
2013-03-31 43,788.22 45,610.50 16,872.62
2012-12-31 40,927.23 41,036.51 15,893.85
2012-09-30 40,927.23 41,036.51 15,893.85
2012-06-30 37,976.95 41,246.02 13,771.83
  • Shimao Property Holdings's level of debt (120.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (107% vs 120.2% today).
  • Debt is not well covered by operating cash flow (1.7%, less than 20% of total debt).
  • Shimao Property Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Shimao Property 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. Shimao Property Holdings 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 Shimao Property 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
5.38%
Current annual income from Shimao Property Holdings dividends. Estimated to be 8.49% next year.
If you bought $2,000 of Shimao Property Holdings shares you are expected to receive $108 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?
  • Shimao Property Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Shimao Property Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
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:SHMA.Y 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 24 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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:SHMA.Y Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.00 16.00
2020-12-31 1.63 22.00
2019-12-31 1.33 22.00
OTCPK:SHMA.Y Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-18 1.026 5.184
2019-03-26 1.023 4.779
2018-04-20 0.803 4.943
2018-03-27 0.798 4.643
2017-04-21 0.560 4.364
2017-03-29 0.619 5.478
2016-04-15 0.583 6.626
2016-03-30 0.582 6.333
2015-03-31 0.959 9.092
2015-02-03 0.479 3.724
2014-09-22 0.473 3.547
2014-08-26 0.475 3.493
2014-04-29 0.642 5.179
2014-03-25 0.647 4.866
2013-04-26 0.428 3.211
2013-03-26 0.437 3.541
2012-08-27 0.000 0.000
2012-04-02 0.324 3.739
2011-09-01 0.381 6.410
2011-03-22 0.328 4.009
2010-08-25 0.320 3.128
2010-04-13 0.287 2.608
2009-09-28 0.176 1.442

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Shimao Property Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Shimao Property 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 Shimao Property Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shimao Property Holdings has a total score of 5/6, 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 Shimao Property 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
Wing Mau Hui
COMPENSATION CN¥6,158,000
AGE 67
CEO Bio

Mr. Wing Mau Hui founded Shimao Property Holdings Ltd. and serves as its Chief Executive Officer. Mr. Hui serves as an Honorary Professor of the Tong Ji University in Shanghai. Mr. Hui serves as Honorary Chancellor of Economic Management of Beijing University of Chemical Technology. He has more than 17 years of experience in property development, property investment and hotel operation. He has been Chairman of Shimao Property Holdings Ltd. since November 8, 2004. He is responsible for its overall strategic planning, business management and property development projects across different regions. He serves as Chairman of Shanghai Overseas Chinese Chamber of Commerce and Shanghai Housing Industry Association. Mr. Hui has been Non-Executive Chairman of the Board of Shimao International Holdings Ltd.(Formerly Shimao China Holdings Ltd.) since February 19, 2005. He serves as Non-Executive Chairman of Shanghai Shimao Co. Ltd. Mr. Hui serves as Chairman of the Shimao Group. He serves as Vice Chairman of Shanghai Charity Fund Commission. He serves as Vice Chairman of the Association of Chinese Culture of Hong Kong, China Housing Industry Association and Fujian Charity Fund Commission. He serves as Vice Chairman of Beijing University of Chemical Technology. Mr. Hui serves as Vice Chairman of the Fujian Overseas Fellowship PRC and Fujian Quanzhou Normal School, Shanghai Federation of Industry Commerce and Shanghai and Hong Kong Economy Development Association. He serves as a Director of Shanghai Overseas Chinese Chamber of Commerce, Mao Co. Ltd., Shimao Group, Shanghai Charity Fund Commission, Shanghai Shimao Co. Ltd. and Shanghai Housing Industry Association. Mr. Hui has been an Executive Director of Shimao Property Holdings Ltd. since November 8, 2004. He has been a Non-Executive Director of Shimao International Holdings Ltd. since February 19, 2005. He serves as a Director of Association of Chinese Culture of Hong Kong, Beijing University of Chemical Technology and Fujian Charity Fund Commission. Mr. Hui serves as a Director of the Fujian Overseas Fellowship PRC, Fujian Quanzhou Normal School, Shanghai Federation of Industry Commerce and Shanghai and Hong Kong Economy Development Association. He served as a Director of Shimao China Holdings Ltd. since October 2001 and as its Executive Director since October 2001. He serves as a Member of the Chinese People's Political Consultative Conference. He serves as Council Member of China Overseas Friendship Association. Mr. Hui holds Master's Degree in Business Administration from the University of South Australia in 2003.

CEO Compensation
  • Wing Mau's compensation has been consistent with company performance over the past year.
  • Wing Mau's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Wing Mau Hui

TITLE
Chairman & Chief Executive
COMPENSATION
CN¥6M
AGE
67

Jason Hui

TITLE
Vice Chairman & President
COMPENSATION
CN¥9M
AGE
41
TENURE
0.3 yrs

Fei Tang

TITLE
VP & Executive Director
COMPENSATION
CN¥5M
AGE
47

Ringo Yau

TITLE
Chief Financial Officer
AGE
55

Tammy Tam

TITLE
Corporate Finance & Investor Relations

Shao Liang

TITLE
Assistant President & Head of Marketing Management Center

Katherine Lam

TITLE
Company Secretary
AGE
51
Board of Directors Tenure

Average tenure and age of the Shimao Property Holdings board of directors in years:

12.9
Average Tenure
56
Average Age
  • The average tenure for the Shimao Property Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Wing Mau Hui

TITLE
Chairman & Chief Executive
COMPENSATION
CN¥6M
AGE
67
TENURE
14.5 yrs

Jason Hui

TITLE
Vice Chairman & President
COMPENSATION
CN¥9M
AGE
41
TENURE
11.1 yrs

Fei Tang

TITLE
VP & Executive Director
COMPENSATION
CN¥5M
AGE
47
TENURE
6.3 yrs

Hongbing Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥317K
AGE
52
TENURE
14.5 yrs

Alice Kan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥317K
AGE
63
TENURE
13.2 yrs

Sai Fei Liu

TITLE
Non-Executive Director
COMPENSATION
CN¥3M
AGE
56
TENURE
9.3 yrs

Jacob Lam

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥317K
AGE
57
TENURE
12.9 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 Shimao Property 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. Shimao Property 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.

News

Simply Wall St News

Company Info

Description

Shimao Property Holdings Limited, an investment holding company, engages in the property development and investment activities in the People’s Republic of China. The company develops residential, commercial, and office properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; provision of marketing, architect, design, management, research, and consultancy services. In addition, the company holds trademarks and properties. The company was incorporated in 2004 and is based in Hong Kong, Hong Kong.

Details
Name: Shimao Property Holdings Limited
SHMA.Y
Exchange: OTCPK
Founded: 2004
HK$8,723,487,364
3,162,922,964
Website: http://www.shimaoproperty.com
Address: Shimao Property Holdings Limited
Lippo Centre,
Tower One, 38th Floor,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 813 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 05. Jul 2006
OTCPK SIOP.F Ordinary Shares Pink Sheets LLC US USD 05. Jul 2006
DB QHI Ordinary Shares Deutsche Boerse AG DE EUR 05. Jul 2006
SHSC 813 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 05. Jul 2006
SZSC 813 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 05. Jul 2006
OTCPK SHMA.Y UNSPONSORD ADR Pink Sheets LLC US USD 17. Aug 2012
Number of employees
Current staff
Staff numbers
9,814
Shimao Property Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:56
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/04/18
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.