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Yuexiu Property

OTCPK:YUEX.F
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YUEX.F
OTCPK
HK$26B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong Kong. The last earnings update was 35 days ago. More info.


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YUEX.F Share Price and Events
7 Day Returns
0%
OTCPK:YUEX.F
-0.8%
US Real Estate
0.2%
US Market
1 Year Returns
22.7%
OTCPK:YUEX.F
-16.5%
US Real Estate
2.9%
US Market
YUEX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yuexiu Property (YUEX.F) 0% 0% - 22.7% - -
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
  • YUEX.F outperformed the Real Estate industry which returned -16.5% over the past year.
  • YUEX.F outperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
YUEX.F
Industry
5yr Volatility vs Market

YUEX.F Value

 Is Yuexiu Property 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 Yuexiu Property 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 Yuexiu Property.

OTCPK:YUEX.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 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:YUEX.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%) (237.96%))
2.397
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:YUEX.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yuexiu Property 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:YUEX.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 16.03%)
2019 2,705.00 Analyst x1 2,331.29
2020 7,669.50 Analyst x2 5,696.74
2021 4,431.50 Analyst x2 2,836.87
2022 3,900.04 Est @ -11.99% 2,151.73
2023 3,604.58 Est @ -7.58% 1,713.97
2024 3,442.95 Est @ -4.48% 1,410.94
2025 3,363.07 Est @ -2.32% 1,187.80
2026 3,336.00 Est @ -0.8% 1,015.46
2027 3,344.53 Est @ 0.26% 877.41
2028 3,377.90 Est @ 1% 763.74
Present value of next 10 years cash flows CN¥19,985.96
OTCPK:YUEX.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,377.90 × (1 + 2.73%) ÷ (16.03% – 2.73%)
CN¥26,091.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,091.13 ÷ (1 + 16.03%)10
CN¥5,899.16
OTCPK:YUEX.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥19,985.96 + CN¥5,899.16
CN¥25,885.12
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥25,885.12 / 15,482.28
CN¥10.59
OTCPK:YUEX.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:123)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.67 x 1.136
HK$1.9
Non-primary Listing Adjustment Factor 1 share in OTCPK:YUEX.F represents 0.15789x of SEHK:123
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15789x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.90 x 0.15789
$0.30
Value per share (USD) From above. $0.30
Current discount Discount to share price of $0.27
= -1 x ($0.27 - $0.30) / $0.30
10%

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

Current Discount
Amount off the current price Yuexiu Property is available for.
Intrinsic value
10%
Share price is $0.27 vs Future cash flow value of $0.29984
Current Discount Checks
For Yuexiu Property to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yuexiu Property's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Yuexiu Property'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 Yuexiu Property's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yuexiu Property's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:YUEX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.22
SEHK:123 Share Price ** SEHK (2019-04-17) in HKD HK$1.71
SEHK:123 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥1.51
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 Yuexiu Property.

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

= SEHK:123 Share Price ÷ EPS (both in CNY)

= 1.51 ÷ 0.22

6.84x

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

  • Yuexiu Property is good value based on earnings compared to the US Real Estate industry average.
  • Yuexiu Property is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Yuexiu Property's expected growth come at a high price?
Raw Data
OTCPK:YUEX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
12.3%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:YUEX.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.84x ÷ 12.3%

0.56x

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

  • Yuexiu Property is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Yuexiu Property's assets?
Raw Data
OTCPK:YUEX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.73
SEHK:123 Share Price * SEHK (2019-04-17) in HKD HK$1.71
SEHK:123 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥1.51
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:YUEX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:123 Share Price ÷ Book Value per Share (both in CNY)

= 1.51 ÷ 2.73

0.55x

* Primary Listing of Yuexiu Property.

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

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

YUEX.F Future Performance

 How is Yuexiu Property 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
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yuexiu Property expected to grow at an attractive rate?
  • Yuexiu Property's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Yuexiu Property's earnings growth is positive but not above the United States of America market average.
  • Yuexiu Property's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:YUEX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:YUEX.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 12.3%
OTCPK:YUEX.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 16.4%
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:YUEX.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:YUEX.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 43,649 5,342 3,879 5
2020-12-31 38,548 839 3,316 5
2019-12-31 32,384 4,253 2,871 5
OTCPK:YUEX.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 26,433 10,230 2,728
2018-09-30 24,226 5,149 2,600
2018-06-30 22,019 67 2,472
2018-03-31 22,907 -2,318 2,366
2017-12-31 23,794 -4,703 2,260
2017-09-30 25,762 -2,915 1,964
2017-06-30 27,729 -1,127 1,668
2017-03-31 24,300 2,013 1,604
2016-12-31 20,871 5,153 1,540
2016-09-30 20,721 5,080 1,165
2016-06-30 20,570 5,006 789
2016-03-31 21,343 2,499 901

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yuexiu Property's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Yuexiu Property's revenue is expected to grow by 16.4% 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:YUEX.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 Yuexiu Property Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:YUEX.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.28 0.29 0.27 4.00
2020-12-31 0.24 0.26 0.22 4.00
2019-12-31 0.21 0.22 0.20 4.00
OTCPK:YUEX.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.22
2018-09-30 0.21
2018-06-30 0.20
2018-03-31 0.19
2017-12-31 0.18
2017-09-30 0.16
2017-06-30 0.13
2017-03-31 0.13
2016-12-31 0.12
2016-09-30 0.09
2016-06-30 0.06
2016-03-31 0.07

*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.
  • Yuexiu Property is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Yuexiu Property'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.
Yuexiu Property has a total score of 2/6, 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.

YUEX.F Past Performance

  How has Yuexiu Property 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 Yuexiu Property'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.
  • Yuexiu Property's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Yuexiu Property's 1-year earnings growth exceeds its 5-year average (20.7% vs -0.3%)
  • Yuexiu Property's earnings growth has exceeded the US Real Estate industry average in the past year (20.7% vs -15.8%).
Earnings and Revenue History
Yuexiu Property'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 Yuexiu Property Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:YUEX.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 26,433.44 2,727.89 1,695.64
2018-09-30 24,226.38 2,599.77 1,612.75
2018-06-30 22,019.31 2,471.66 1,529.86
2018-03-31 22,906.61 2,365.95 1,558.09
2017-12-31 23,793.91 2,260.24 1,586.31
2017-09-30 25,761.63 1,964.31 1,583.56
2017-06-30 27,729.36 1,668.39 1,580.81
2017-03-31 24,300.19 1,604.27 1,539.19
2016-12-31 20,871.02 1,540.15 1,497.57
2016-09-30 20,720.57 1,164.75 1,575.07
2016-06-30 20,570.12 789.35 1,652.56
2016-03-31 21,342.90 901.12 1,632.99
2015-12-31 22,115.68 1,012.89 1,613.42
2015-09-30 19,058.25 1,502.84 1,535.65
2015-06-30 16,000.82 1,992.79 1,457.88
2015-03-31 15,851.28 2,232.02 1,474.98
2014-12-31 15,701.74 2,471.26 1,492.08
2014-09-30 15,088.39 2,343.49 1,392.53
2014-06-30 14,475.05 2,215.73 1,292.97
2014-03-31 14,341.96 2,548.04 1,301.46
2013-12-31 14,208.87 2,880.34 1,309.95
2013-09-30 12,062.08 3,061.50 1,317.90
2013-06-30 9,915.29 3,242.65 1,325.85
2013-03-31 9,017.62 2,862.24 1,310.77
2012-12-31 8,119.95 2,481.83 1,295.70
2012-09-30 8,497.90 2,401.00 1,218.12
2012-06-30 8,875.86 2,320.18 1,140.54

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

YUEX.F Health

 How is Yuexiu Property'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 Yuexiu Property's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yuexiu Property is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yuexiu Property's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yuexiu Property'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 2.4x 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 Yuexiu Property Company Filings, last reported 4 months ago.

OTCPK:YUEX.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42,911.72 55,465.98 21,990.51
2018-09-30 42,911.72 55,465.98 21,990.51
2018-06-30 41,888.42 53,658.57 19,156.70
2018-03-31 41,888.42 53,658.57 19,156.70
2017-12-31 36,988.92 48,410.79 16,655.30
2017-09-30 36,988.92 48,410.79 16,655.30
2017-06-30 35,391.59 53,459.57 19,707.32
2017-03-31 35,391.59 53,459.57 19,707.32
2016-12-31 34,385.88 44,409.90 17,691.43
2016-09-30 34,385.88 44,409.90 17,691.43
2016-06-30 32,431.25 33,357.67 12,125.48
2016-03-31 32,431.25 33,357.67 12,125.48
2015-12-31 31,466.20 38,164.95 9,545.55
2015-09-30 31,466.20 38,164.95 9,545.55
2015-06-30 31,509.05 31,925.90 6,745.08
2015-03-31 31,509.05 31,925.90 6,745.08
2014-12-31 30,253.43 32,059.37 7,882.65
2014-09-30 30,253.43 32,059.37 7,882.65
2014-06-30 26,710.24 26,509.57 7,611.80
2014-03-31 26,710.24 26,509.57 7,611.80
2013-12-31 25,160.01 23,865.45 5,054.75
2013-09-30 25,160.01 23,865.45 5,054.75
2013-06-30 24,981.59 24,317.97 7,336.77
2013-03-31 24,981.59 24,317.97 7,336.77
2012-12-31 23,120.22 20,130.98 7,060.45
2012-09-30 23,120.22 20,130.98 7,060.45
2012-06-30 21,926.29 17,927.14 4,075.61
  • Yuexiu Property's level of debt (129.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (94.9% vs 129.3% today).
  • Debt is not well covered by operating cash flow (18.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Yuexiu Property'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. Yuexiu Property 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.

YUEX.F Dividends

 What is Yuexiu Property'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
5.31%
Current annual income from Yuexiu Property dividends. Estimated to be 6.77% next year.
If you bought $2,000 of Yuexiu Property shares you are expected to receive $106 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?
  • Yuexiu Property's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Yuexiu Property'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:YUEX.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 2.8%
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:YUEX.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 6.00
2020-12-31 0.10 6.00
2019-12-31 0.09 7.00
OTCPK:YUEX.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.080 5.154
2019-02-27 0.080 5.062
2018-04-03 0.084 6.573
2018-02-28 0.084 5.829
2017-09-26 0.068 5.359
2017-08-18 0.068 5.370
2017-04-26 0.056 4.783
2017-02-23 0.056 4.768
2016-04-28 0.040 4.225
2016-02-29 0.040 4.212
2015-04-20 0.061 5.345
2015-02-27 0.061 4.910
2014-09-15 0.066 5.647
2014-04-24 0.066 5.223
2014-03-21 0.066 5.155
2013-04-29 0.052 3.356
2013-03-21 0.052 2.932
2012-03-01 0.072 4.441
2011-08-17 0.065 6.611
2010-09-24 0.000 0.000
2010-09-10 0.000 0.000
2010-08-20 0.000 0.000
2010-05-06 0.000 0.000
2010-03-25 0.000 0.000
2009-09-15 0.000 0.000

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

  • Yuexiu Property 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 Yuexiu Property only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Yuexiu Property's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Yuexiu Property'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 Yuexiu Property afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yuexiu Property 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.

YUEX.F Management

 What is the CEO of Yuexiu Property'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
Feng Lin
COMPENSATION CN¥4,139,862
AGE 47
TENURE AS CEO 0.8 years
CEO Bio

Mr. Lin Feng has been an Executive Director, Vice Chairman and General Manager of Yuexiu Property Company Limited since August 14, 2018. Mr. Lin is a director and deputy general manager of Guangzhou City Construction & Development Co., Limited (“GZCCD”), chairman of Hangzhou Yuexiu Property Development Limited, the general manager of urban renewal projects group (i.e., the Company’s urban renewal sector) and director of Guangzhou Yuexiu Commercial Real Estate Investment & Management Co., Limited. Mr. Lin Feng graduated from Guangdong University of Finance & Economics (formerly known as Guangdong Commercial College) in accounting with a Bachelor ’s degree in economics. Mr. Lin Feng holds a Master ’s degree in business administration from the University of Western Sydney and the qualification of accountant awarded by the Ministry of Finance of the People’s Republic of China. Since 1994, Mr. Lin Feng has joined Guangzhou City Construction Development Holding Co., Limited. He served as deputy general manager of Finance Department and of Corporate Management Department and general manager of Finance Department of GZCCD and assistant to general manager of the Company. He has served as a deputy general manager of the Company since 2014 and has been in charge of investment sector, finance sector and business operation within East China. He has also participated in various major capital operation and financing projects of the Company with extensive experience in enterprise investment decision making and funds management.

CEO Compensation
  • Insufficient data for Feng to compare compensation growth.
  • Feng'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 Yuexiu Property management team in years:

1.8
Average Tenure
47
Average Age
  • The average tenure for the Yuexiu Property management team is less than 2 years, this suggests a new team.
Management Team

Zhaoyuan Lin

TITLE
Chairman
COMPENSATION
CN¥8M
AGE
49

Feng Lin

TITLE
Vice Chairman & GM
COMPENSATION
CN¥4M
AGE
47
TENURE
0.8 yrs

Jing Chen

TITLE
CFO & Executive Director
COMPENSATION
CN¥4M
AGE
46
TENURE
1.8 yrs

Feng Li

TITLE
Executive Director
COMPENSATION
CN¥4M
AGE
49

Yan Liu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
39

Swan Wan

TITLE
IR Contact Personnel

Tat Fung Yu

TITLE
Company Secretary
TENURE
15.3 yrs
Board of Directors Tenure

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

3.5
Average Tenure
49
Average Age
  • The tenure for the Yuexiu Property board of directors is about average.
Board of Directors

Zhaoyuan Lin

TITLE
Chairman
COMPENSATION
CN¥8M
AGE
49
TENURE
0.8 yrs

Feng Lin

TITLE
Vice Chairman & GM
COMPENSATION
CN¥4M
AGE
47
TENURE
0.8 yrs

Jing Chen

TITLE
CFO & Executive Director
COMPENSATION
CN¥4M
AGE
46
TENURE
1.8 yrs

Feng Li

TITLE
Executive Director
COMPENSATION
CN¥4M
AGE
49
TENURE
5.2 yrs

Yan Liu

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
39
TENURE
0.8 yrs

Joseph Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥355K
AGE
70
TENURE
27.3 yrs

Ka Lun Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥288K
AGE
63
TENURE
19.1 yrs

Ambrose Lau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥288K
AGE
71
TENURE
15.3 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 ($) Value ($)
20. Jun 18 Sell BlackRock, Inc. Company 15. Jun 18 15. Jun 18 -4,006,000 $0.21 $-852,781
13. Jul 18 Buy Zhaoyuan Lin Individual 11. Jul 18 11. Jul 18 495,741 $0.19 $92,445
13. Jul 18 Buy Zhaoyuan Lin Individual 10. Jul 18 10. Jul 18 477,768 $0.19 $89,275
13. Jul 18 Buy Zhaoyuan Lin Individual 12. Jul 18 12. Jul 18 449,425 $0.19 $85,931
05. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 201,825,992 $0.23 $45,540,017
07. Jun 18 Sell BlackRock, Inc. Company 04. Jun 18 04. Jun 18 -47,973,857 $0.22 $-10,773,345
X
Management checks
We assess Yuexiu Property'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. Yuexiu Property 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.

YUEX.F News

Simply Wall St News

YUEX.F Company Info

Description

Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong Kong. It operates through Property Development, Property Management, Property Investment, and Other segments. The company is also involved in holding investment properties. Its portfolio covers residential and commercial properties, including villas, apartments, office buildings, service apartments, and other functional buildings. As of December 31, 2018, the company owned investment properties under lease of approximately 600,500 sq.m. comprising offices, commercial properties, car parks, and others. In addition, it offers property development and management consulting, property rental, decoration and design, project management, real estate and property agency, investment consulting, metal manufacturing, information consulting, car parking management, financial, building management, commercial, greening, construction, and trade finance services. The company was formerly known as Guangzhou Investment Company Limited. The company is based in Wanchai, Hong Kong.

Details
Name: Yuexiu Property Company Limited
YUEX.F
Exchange: OTCPK
Founded:
HK$3,372,938,413
15,482,280,438
Website: http://www.yuexiuproperty.com
Address: Yuexiu Property Company Limited
Yue Xiu Building,
26th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 123 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Jan 1993
OTCPK YUEX.F Ordinary Shares Pink Sheets LLC US USD 27. Jan 1993
DB GUZ Ordinary Shares Deutsche Boerse AG DE EUR 27. Jan 1993
SHSC 123 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 27. Jan 1993
SZSC 123 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 27. Jan 1993
Number of employees
Current staff
Staff numbers
8,190
Yuexiu Property employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:53
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/17
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.