OTCPK:SIOL.F

Stock Analysis Report

Executive Summary

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China.


Snowflake Analysis

Very undervalued established dividend payer.

Share Price & News

How has Sino-Ocean Group Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SIOL.F

-1.4%

US Real Estate

2.4%

US Market


1 Year Return

n/a

SIOL.F

-36.3%

US Real Estate

-10.0%

US Market

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

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


Shareholder returns

SIOL.FIndustryMarket
7 Day0%-1.4%2.4%
30 Day0%-33.5%-11.0%
90 Day0%-41.4%-19.4%
1 Yearn/a-35.8%-36.3%-8.1%-10.0%
3 Yearn/a-23.0%-24.9%17.3%9.6%
5 Year-33.9%-33.9%-35.7%-37.6%36.1%21.1%

Price Volatility Vs. Market

How volatile is Sino-Ocean Group Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sino-Ocean Group Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIOL.F ($0.39) is trading below our estimate of fair value ($2.24)

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


Price To Earnings Ratio

PE vs Industry: SIOL.F is good value based on its PE Ratio (5.2x) compared to the Real Estate industry average (15.8x).

PE vs Market: SIOL.F is good value based on its PE Ratio (5.2x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: SIOL.F is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: SIOL.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 Sino-Ocean Group Holding forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIOL.F's forecast earnings growth (19.6% per year) is above the savings rate (1.7%).

Earnings vs Market: SIOL.F's earnings (19.6% per year) are forecast to grow faster than the US market (12.3% per year).

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

Revenue vs Market: SIOL.F's revenue (15.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: SIOL.F's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIOL.F's Return on Equity is forecast to be low in 3 years time (6.3%).


Next Steps

Past Performance

How has Sino-Ocean Group Holding performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIOL.F has high quality earnings.

Growing Profit Margin: SIOL.F's current net profit margins (5.2%) are lower than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: SIOL.F's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: SIOL.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIOL.F had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Real Estate industry average (10.6%).


Return on Equity

High ROE: SIOL.F's Return on Equity (6.3%) is considered low.


Next Steps

Financial Health

How is Sino-Ocean Group Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SIOL.F's short term assets (CN¥180.4B) exceed its short term liabilities (CN¥100.4B).

Long Term Liabilities: SIOL.F's short term assets (CN¥180.4B) exceed its long term liabilities (CN¥77.7B).


Debt to Equity History and Analysis

Debt Level: SIOL.F's debt to equity ratio (127.9%) is considered high.

Reducing Debt: SIOL.F's debt to equity ratio has increased from 102.7% to 127.9% over the past 5 years.

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

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


Balance Sheet


Next Steps

Dividend

What is Sino-Ocean Group Holding's current dividend yield, its reliability and sustainability?

6.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SIOL.F's dividend (6.75%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: SIOL.F's dividend (6.75%) is in the top 25% of dividend payers in the US market (5.49%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.3%), SIOL.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIOL.F's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Ming Li (56yo)

13.58s

Tenure

CN¥14,726,000

Compensation

Mr. Ming Li serves as the Chief Executive Officer of Sino-Ocean Group Holding Limited (formerly, Sino-Ocean Land Holdings Ltd.), Sino-Ocean Land Limited and Sino-Ocean Land Capital Finance Ltd. since Augus ...


CEO Compensation Analysis

Compensation vs Market: Ming's total compensation ($USD2.08M) is below average for companies of similar size in the US market ($USD4.58M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ming Li
Chairman & CEO13.58yrsCN¥14.73m2.33% CN¥45.3m
Haicheng Wen
Executive President & Executive Director6.83yrsCN¥5.90m0.028% CN¥549.8k
Pui Ying Sum
Chief Financial Officer12.83yrsCN¥6.67m0.046% CN¥899.9k
Hongjie Cui
Executive President & GM of the Product Construction Department1yrno datano data
Alice Li
Investor Relations Managerno datano datano data
Honghui Wang
Executive VP & Executive Directorno datano datano data
Kai Chung
Company Secretaryno datano datano data

7.5yrs

Average Tenure

48.5yo

Average Age

Experienced Management: SIOL.F's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ming Li
Chairman & CEO13.58yrsCN¥14.73m2.33% CN¥45.3m
Haicheng Wen
Executive President & Executive Director6.83yrsCN¥5.90m0.028% CN¥549.8k
Honghui Wang
Executive VP & Executive Directorno datano datano data
Xiaojing Han
Independent Non-Executive Director12.75yrsCN¥599.00k0.0060% CN¥116.9k
Sin Lai Lam
Independent Non-Executive Director2.58yrsCN¥545.00kno data
Man Tak Suen
Independent Non-Executive Director4.25yrsCN¥546.00k0.0015% CN¥29.7k
Qingjun Jin
Independent Non-Executive Director4yrsCN¥546.00k0.0015% CN¥29.7k
Fei Fu
Non-Executive Director1.83yrsCN¥90.00kno data
Jun Fang
Non-Executive Director5.83yrsCN¥219.00k0.0028% CN¥54.8k
Zhifeng Wang
Independent Non-Executive Director4yrsCN¥546.00k0.0015% CN¥29.7k

4.3yrs

Average Tenure

58.5yo

Average Age

Experienced Board: SIOL.F's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Sino-Ocean Group Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sino-Ocean Group Holding Limited
  • Ticker: SIOL.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$15.053b
  • Listing Market Cap: HK$1.942b
  • Shares outstanding: 7.56b
  • Website: https://www.sinooceangroup.com

Number of Employees


Location

  • Sino-Ocean Group Holding Limited
  • Ocean International Center
  • 31 -33 Floor
  • Beijing
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3377SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 2007
3SDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2007
SIOL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2007
3377SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 2007
3377SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 2007
SIOL.YOTCPK (Pink Sheets LLC)ADRUSUSDMar 2009

Biography

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China. The company develops mid to high-end residential properties; invests in and operates complexes, offices, retail space, and shopping malls; and rents apartments. It also provides property management, equity investment, asset management, overseas investment, renovation, consultancy, land development, investment management, and senior housing services, as well as property sales agency and upfitting services. In addition, the company is involved in the logistic property, real estate fund, and environmental technology businesses. The company was formerly known as Sino-Ocean Land Holdings Limited and changed its name to Sino-Ocean Group Holding Limited in May 2016. Sino-Ocean Group Holding Limited was founded in 1993 and is based in Beijing, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 03:39
End of Day Share Price2019/12/31 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.