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SOHO China

OTCPK:SOHO.F
Snowflake Description

Good value unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOHO.F
OTCPK
HK$13B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

SOHO China Limited, together with its subsidiaries, engages in the real estate development, and property leasing and management activities in China. The last earnings update was 25 days ago. More info.


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SOHO.F Share Price and Events
7 Day Returns
0%
OTCPK:SOHO.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-
OTCPK:SOHO.F
-15.7%
US Real Estate
3%
US Market
SOHO.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SOHO China (SOHO.F) 0% -14.8% -17.1% - -26.2% -60.2%
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 SOHO.F.
  • No trading data on SOHO.F.
Price Volatility
SOHO.F
Industry
5yr Volatility vs Market

Value

 Is SOHO China 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 SOHO China 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 SOHO China.

OTCPK:SOHO.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 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
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:SOHO.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 25%) (178.73%))
2.071
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 * 5.96%)
14.65%

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

The calculations below outline how an intrinsic value for SOHO China 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:SOHO.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 14.65%)
2019 746.00 Analyst x1 650.68
2020 1,075.75 Est @ 44.2% 818.39
2021 1,417.41 Est @ 31.76% 940.53
2022 1,744.14 Est @ 23.05% 1,009.45
2023 2,039.85 Est @ 16.95% 1,029.74
2024 2,298.66 Est @ 12.69% 1,012.12
2025 2,521.63 Est @ 9.7% 968.42
2026 2,713.51 Est @ 7.61% 908.95
2027 2,880.26 Est @ 6.15% 841.52
2028 3,027.75 Est @ 5.12% 771.58
Present value of next 10 years cash flows CN¥8,951.37
OTCPK:SOHO.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,027.75 × (1 + 2.73%) ÷ (14.65% – 2.73%)
CN¥26,094.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,094.05 ÷ (1 + 14.65%)10
CN¥6,649.68
OTCPK:SOHO.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,951.37 + CN¥6,649.68
CN¥15,601.05
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥15,601.05 / 5,192.41
CN¥22.8
OTCPK:SOHO.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:410)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3 x 1.135
HK$3.41
Non-primary Listing Adjustment Factor 1 share in OTCPK:SOHO.F represents 0.13178x of SEHK:410
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13178x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 3.41 x 0.13178
$0.45
Value per share (USD) From above. $0.45
Current discount Discount to share price of $0.34
= -1 x ($0.34 - $0.45) / $0.45
24.3%

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

Current Discount
Amount off the current price SOHO China is available for.
Intrinsic value
24%
Share price is $0.34 vs Future cash flow value of $0.4493
Current Discount Checks
For SOHO China to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SOHO China's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SOHO China's share price is below the future cash flow value, but not 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 SOHO China's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SOHO China's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SOHO.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.37
SEHK:410 Share Price ** SEHK (2019-05-09) in HKD HK$2.58
SEHK:410 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥2.27
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 SOHO China.

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

= SEHK:410 Share Price ÷ EPS (both in CNY)

= 2.27 ÷ 0.37

6.13x

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

  • SOHO China is good value based on earnings compared to the US Real Estate industry average.
  • SOHO China is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SOHO China's expected growth come at a high price?
Raw Data
OTCPK:SOHO.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-30.1%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:SOHO.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.13x ÷ -30.1%

-0.2x

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

  • SOHO China earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SOHO China's assets?
Raw Data
OTCPK:SOHO.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥6.69
SEHK:410 Share Price * SEHK (2019-05-09) in HKD HK$2.58
SEHK:410 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥2.27
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:SOHO.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:410 Share Price ÷ Book Value per Share (both in CNY)

= 2.27 ÷ 6.69

0.34x

* Primary Listing of SOHO China.

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

  • SOHO China is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess SOHO China'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. SOHO China has a total score of 4/6, 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 SOHO China expected to perform in the next 1 to 3 years based on estimates from 6 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
-30.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SOHO China expected to grow at an attractive rate?
  • SOHO China's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SOHO China's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • SOHO China's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SOHO.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SOHO.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -30.1%
OTCPK:SOHO.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 18.9%
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:SOHO.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 6 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SOHO.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,071 376 735 4
2020-12-31 2,581 433 616 5
2019-12-31 2,105 515 491 6
OTCPK:SOHO.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,721 362 1,925
2018-09-30 1,731 69 1,885
2018-06-30 1,741 -225 1,845
2018-03-31 1,852 -1,718 3,289
2017-12-31 1,963 -3,211 4,733
2017-09-30 1,941 -2,938 4,513
2017-06-30 1,920 -2,665 4,293
2017-03-31 1,746 -1,634 2,602
2016-12-31 1,572 -602 910
2016-09-30 1,447 -982 956
2016-06-30 1,321 -1,362 1,002
2016-03-31 1,152 -1,403 770

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SOHO China's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SOHO China's revenue is expected to grow by 18.9% 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:SOHO.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 6 Analyst Estimates (S&P Global) See Below

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

OTCPK:SOHO.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.14 0.16 0.12 4.00
2020-12-31 0.12 0.14 0.11 5.00
2019-12-31 0.10 0.11 0.08 6.00
OTCPK:SOHO.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.37
2018-09-30 0.36
2018-06-30 0.36
2018-03-31 0.63
2017-12-31 0.91
2017-09-30 0.87
2017-06-30 0.83
2017-03-31 0.50
2016-12-31 0.18
2016-09-30 0.18
2016-06-30 0.19
2016-03-31 0.15

*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.
  • SOHO China is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SOHO China'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.
SOHO China has a total score of 1/6, 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 SOHO China 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 SOHO China'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.
  • SOHO China's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SOHO China's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SOHO China's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
SOHO China'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 SOHO China Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SOHO.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,720.86 1,924.97 277.54
2018-09-30 1,731.06 1,884.96 320.63
2018-06-30 1,741.26 1,844.95 363.72
2018-03-31 1,851.93 3,289.22 367.30
2017-12-31 1,962.61 4,733.48 370.89
2017-09-30 1,941.24 4,513.28 352.89
2017-06-30 1,919.86 4,293.07 334.89
2017-03-31 1,746.16 2,601.65 330.72
2016-12-31 1,572.47 910.23 326.54
2016-09-30 1,446.85 956.22 332.47
2016-06-30 1,321.24 1,002.22 338.40
2016-03-31 1,152.34 769.92 329.34
2015-12-31 983.44 537.63 320.27
2015-09-30 1,357.94 1,027.71 345.74
2015-06-30 1,732.45 1,517.79 371.20
2015-03-31 3,915.27 2,798.81 424.51
2014-12-31 6,098.09 4,079.83 477.82
2014-09-30 11,436.77 6,035.07 609.82
2014-06-30 16,775.44 7,990.32 741.81
2014-03-31 15,698.44 7,689.18 731.37
2013-12-31 14,621.44 7,388.05 720.92
2013-09-30 16,069.13 9,727.33 677.90
2013-06-30 17,516.83 12,066.60 634.89
2013-03-31 16,829.91 11,325.74 607.98
2012-12-31 16,142.98 10,584.88 581.06
2012-09-30 10,202.28 6,669.81 493.55
2012-06-30 4,261.57 2,754.74 406.03

*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.
  • SOHO China has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SOHO China used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • SOHO China has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SOHO China'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.
SOHO China has a total score of 1/6, 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 SOHO China'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 SOHO China's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SOHO China is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SOHO China's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SOHO China'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 not covered by short term assets, assets are 0.4x 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 SOHO China Company Filings, last reported 4 months ago.

OTCPK:SOHO.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 35,793.44 21,100.38 721.92
2018-09-30 35,793.44 21,100.38 721.92
2018-06-30 34,939.54 18,863.00 3,291.52
2018-03-31 34,939.54 18,863.00 3,291.52
2017-12-31 33,727.30 21,389.46 3,701.79
2017-09-30 33,727.30 21,389.46 3,701.79
2017-06-30 37,837.42 19,248.35 3,441.24
2017-03-31 37,837.42 19,248.35 3,441.24
2016-12-31 35,647.68 15,781.21 3,864.05
2016-09-30 35,647.68 15,781.21 3,864.05
2016-06-30 36,312.26 16,584.72 2,782.68
2016-03-31 36,312.26 16,584.72 2,782.68
2015-12-31 37,722.53 18,231.98 8,405.97
2015-09-30 37,722.53 18,231.98 8,405.97
2015-06-30 39,920.59 20,249.70 9,144.67
2015-03-31 39,920.59 20,249.70 9,144.67
2014-12-31 40,459.97 20,570.23 12,061.80
2014-09-30 40,459.97 20,570.23 12,061.80
2014-06-30 40,026.62 21,591.24 13,336.63
2014-03-31 40,026.62 21,591.24 13,336.63
2013-12-31 38,485.80 17,284.66 10,128.28
2013-09-30 38,485.80 17,284.66 10,128.28
2013-06-30 31,976.43 19,819.95 14,139.84
2013-03-31 31,976.43 19,819.95 14,139.84
2012-12-31 31,710.46 23,175.45 19,708.72
2012-09-30 31,710.46 23,175.45 19,708.72
2012-06-30 22,764.95 13,725.20 5,873.32
  • SOHO China's level of debt (59%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45% vs 59% today).
  • Debt is not well covered by operating cash flow (1.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SOHO China'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. SOHO China has a total score of 1/6, 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 SOHO China'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
1.32%
Current annual income from SOHO China dividends. Estimated to be 2.9% next year.
If you bought $2,000 of SOHO China shares you are expected to receive $26 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?
  • SOHO China's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • SOHO China's dividend is below 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:SOHO.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 6 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:SOHO.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 3.00
2020-12-31 0.09 5.00
2019-12-31 0.03 4.00
OTCPK:SOHO.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.030 1.212
2018-04-25 0.922 33.121
2018-03-20 0.922 27.845
2017-09-11 0.692 17.927
2017-08-22 0.692 18.119
2017-04-26 0.536 15.102
2016-09-08 0.190 5.255
2016-04-07 0.000 0.000
2016-03-08 0.000 0.000
2015-09-17 0.000 0.000
2015-08-20 0.000 0.000
2015-03-06 0.250 6.049
2014-05-13 0.250 5.329
2013-04-12 0.250 4.922
2013-03-06 0.250 4.937
2012-03-14 0.250 5.443
2011-08-25 0.280 6.431
2011-05-11 0.280 4.989
2010-09-17 0.240 4.619
2010-04-09 0.200 5.002
2010-03-11 0.200 5.130

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

  • SOHO China has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • SOHO China has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of SOHO China's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (12.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess SOHO China'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 SOHO China afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SOHO China has a total score of 2/6, 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 SOHO China'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
Shynn Zhang
COMPENSATION CN¥3,127,000
AGE 53
TENURE AS CEO 12.2 years
CEO Bio

Mrs. Pan Xin Zhang, also known as Marita, serves as the Chief Executive Officer of Soho China Ltd. Ms. Zhang Co-founded Soho China Ltd. in 1995. She serves as an Executive Director of Soho China Ltd. Mrs. Zhang's international experience as well as her knowledge and passion for art and architecture are central to the distinctiveness of SOHO China¡'s properties. She is well known for her boundless creativity and her passion for art and architecture. She was responsible for conceptualizing the development projects of SOHO China. She then joined Wall Street, working for Goldman Sachs and Travelers Group before she returned to her hometown, Beijing, to start her own real estate company SOHO China in late 1995. She serves as a Member of Global Advisory Board at Council on Foreign Relations, Inc. She served as a Speaker of the World Economic Forum Annual Meeting, 2006, Trustee of China Institute in America, from 2005 to 2006; Member of Asia Business Council since May, 2005; Speaker of Fortune Global Forum, 2005. She was selected by World Economic Forum as a Young Global Leader in January, 2005, in recognition of her record of accomplishments and her potential to contribute to shaping the future of the world. She won Business Week's Stars of Asia Award for the year of 2004 among other 25 Stars of Asia who are policy makers, financiers, opinion shapers, entrepreneurs and managers. She was selected by the international jury as the only winner from mainland China of the 2004 Montblanc Arts Patronage Awards in January 2004. She has won many international prestigious awards for her role as a patron of China's most visionary architecture and as an innovative entrepreneur. She was chosen as one of the two of the Asia's under-50 Movers and Shakers for 2003 by Asia Inc. in January, 2004. She was awarded a Special Prize at the 8th la Biennale di Venezia as "an individual patron of architectural works" in September 2002. She was twice invited to speak at the "World Economic Forum" in 2000 and 2003. She was elected as one of the "Young Leaders" by National Committee of US-China Relations in 2002 and 2003. She was voted in 2002 as one of the seventeen "Most Influential Figures in the Age of China's Transition" by "Economic Observer"-one of the most authoritative Chinese business newspapers. She studied Economics at the University of Sussex. In 1992, she graduated with a M. Phil. degree in Development Economics from Cambridge University.

CEO Compensation
  • Shynn's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Shynn's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SOHO China management team in years:

10.8
Average Tenure
48
Average Age
  • The average tenure for the SOHO China management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shiyi Pan

TITLE
Chairman of the Board & Co-Founder
COMPENSATION
CN¥4M
AGE
55

Shynn Zhang

TITLE
CEO, Executive Director & Co-Founder
COMPENSATION
CN¥3M
AGE
53
TENURE
12.2 yrs

Ni Kuiyang

TITLE
CFO & VP
AGE
41
TENURE
10.8 yrs

Ling Xu

TITLE
Investor Relations Officer

Sau Ping Wong

TITLE
Company Secretary
AGE
43
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the SOHO China board of directors in years:

4
Average Tenure
55
Average Age
  • The tenure for the SOHO China board of directors is about average.
Board of Directors

Shiyi Pan

TITLE
Chairman of the Board & Co-Founder
COMPENSATION
CN¥4M
AGE
55
TENURE
12.2 yrs

Shynn Zhang

TITLE
CEO, Executive Director & Co-Founder
COMPENSATION
CN¥3M
AGE
53
TENURE
12.2 yrs

Qiang Chang Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥283K
AGE
61
TENURE
4 yrs

Jingsheng Huang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥118K
AGE
60
TENURE
0.8 yrs

Jeff Xiong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥283K
AGE
53
TENURE
4 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 SOHO China'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. SOHO China 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

SOHO China Limited, together with its subsidiaries, engages in the real estate development, and property leasing and management activities in China. The company operates in two segments, Properties Development and Properties Investment. It invests in, develops, rents, and sells various properties, as well as operates serviced apartments. The company was founded in 1995 and is headquartered in Beijing, China.

Details
Name: SOHO China Limited
SOHO.F
Exchange: OTCPK
Founded: 1995
HK$1,706,601,896
5,192,409,031
Website: http://www.sohochina.com
Address: SOHO China Limited
Tower A, Chaowai SOHO,
11th Floor,
Beijing,
100020,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 410 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Oct 2007
OTCPK SOHO.F Ordinary Shares Pink Sheets LLC US USD 08. Oct 2007
DB 45S Ordinary Shares Deutsche Boerse AG DE EUR 08. Oct 2007
SHSC 410 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Oct 2007
SZSC 410 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Oct 2007
Number of employees
Current staff
Staff numbers
2,058
SOHO China employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:16
End of day share price update: 2019/05/09 00:00
Last estimates confirmation: 2019/05/06
Last earnings filing: 2019/04/25
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.