Loading...

We've got a brand new version of Simply Wall St! Try it out

Logan Property Holdings

BST:5LP
Snowflake Description

Undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5LP
BST
HK$66B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Logan Property Holdings Company Limited, an investment holding company, invests in, develops, and constructs properties in the People’s Republic of China. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
5LP Share Price and Events
7 Day Returns
-4%
BST:5LP
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-
BST:5LP
-1.1%
DE Real Estate
9.9%
DE Market
5LP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Logan Property Holdings (5LP) -4% 0.8% 9.2% - - -
DE Real Estate 0.9% -1.1% 4.2% -1.1% 39.2% 87.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • No trading data on 5LP.
  • No trading data on 5LP.
Price Volatility
5LP
Industry
5yr Volatility vs Market

Value

 Is Logan 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 Logan 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 Logan Property Holdings.

BST:5LP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:5LP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 25%) (110.46%))
1.617
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.617 * 5.96%)
9.87%

Discounted Cash Flow Calculation for BST:5LP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Logan 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:5LP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.87%)
2020 15,307.50 Analyst x2 13,932.63
2021 17,322.00 Analyst x2 14,350.12
2022 18,712.10 Est @ 8.03% 14,109.41
2023 19,776.06 Est @ 5.69% 13,572.35
2024 20,576.71 Est @ 4.05% 12,853.45
2025 21,173.93 Est @ 2.9% 12,038.55
2026 21,618.60 Est @ 2.1% 11,187.39
2027 21,951.19 Est @ 1.54% 10,339.23
2028 22,202.60 Est @ 1.15% 9,518.37
2029 22,395.79 Est @ 0.87% 8,738.85
Present value of next 10 years cash flows CN¥120,640.00
BST:5LP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥22,395.79 × (1 + 0.23%) ÷ (9.87% – 0.23%)
CN¥232,851.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥232,851.13 ÷ (1 + 9.87%)10
CN¥90,858.62
BST:5LP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥120,640.00 + CN¥90,858.62
CN¥211,498.62
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥211,498.62 / 5,481.29
CN¥38.59
BST:5LP Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3380)
1.117
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥38.59 x 1.117
HK$43.09
Non-primary Listing Adjustment Factor 1 share in BST:5LP represents 0.11249x of SEHK:3380
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11249x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 43.09 x 0.11249
€4.85
Value per share (EUR) From above. €4.85
Current discount Discount to share price of €1.35
= -1 x (€1.35 - €4.85) / €4.85
72.1%

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

Current Discount
Amount off the current price Logan Property Holdings is available for.
Intrinsic value
>50%
Share price is €1.35 vs Future cash flow value of €4.85
Current Discount Checks
For Logan Property Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Logan Property Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Logan 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 Logan Property Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Logan Property Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:5LP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥1.79
SEHK:3380 Share Price ** SEHK (2019-11-18) in HKD HK$12.04
SEHK:3380 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.895 CN¥10.78
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

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

** Primary Listing of Logan Property Holdings.

BST:5LP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3380 Share Price ÷ EPS (both in CNY)

= 10.78 ÷ 1.79

6.03x

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

  • Logan Property Holdings is good value based on earnings compared to the DE Real Estate industry average.
  • Logan Property Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Logan Property Holdings's expected growth come at a high price?
Raw Data
BST:5LP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
18.6%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:5LP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.03x ÷ 18.6%

0.32x

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

  • Logan Property Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Logan Property Holdings's assets?
Raw Data
BST:5LP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥5.79
SEHK:3380 Share Price * SEHK (2019-11-18) in HKD HK$12.04
SEHK:3380 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.895 CN¥10.78
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
BST:5LP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3380 Share Price ÷ Book Value per Share (both in CNY)

= 10.78 ÷ 5.79

1.86x

* Primary Listing of Logan Property Holdings.

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

  • Logan Property Holdings is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess Logan 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. Logan Property Holdings has a total score of 5/6, 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 Logan Property Holdings expected to perform in the next 1 to 3 years based on estimates from 15 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
18.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Logan Property Holdings expected to grow at an attractive rate?
  • Logan Property Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Logan Property Holdings's earnings growth is expected to exceed the Germany market average.
  • Logan Property Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:5LP Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:5LP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 18.6%
BST:5LP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 23.2%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:5LP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:5LP Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 96,223 5,129 14,397 14
2020-12-31 79,917 5,405 12,119 15
2019-12-31 61,846 1,471 9,956 15
2019-11-18
BST:5LP Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 56,005 10,455 9,818
2019-03-31 50,071 7,512 8,971
2018-12-31 44,137 4,568 8,123
2018-09-30 37,299 7,527 7,252
2018-06-30 30,461 10,486 6,381
2018-03-31 29,075 11,001 6,406
2017-12-31 27,690 11,516 6,431
2017-09-30 27,124 8,394 6,520
2017-06-30 26,558 5,272 6,609
2017-03-31 23,548 5,050 5,548
2016-12-31 20,539 4,828 4,488
2016-09-30 18,160 3,970 3,692

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Logan Property Holdings's earnings are expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
  • Logan 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
BST:5LP 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 15 Analyst Estimates (S&P Global) See Below

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

BST:5LP Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.65 3.03 2.22 11.00
2020-12-31 2.23 2.53 1.94 12.00
2019-12-31 1.82 1.95 1.71 10.00
2019-11-18
BST:5LP Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 1.79
2019-03-31 1.63
2018-12-31 1.48
2018-09-30 1.32
2018-06-30 1.16
2018-03-31 1.17
2017-12-31 1.17
2017-09-30 1.19
2017-06-30 1.20
2017-03-31 1.00
2016-12-31 0.81
2016-09-30 0.68

*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.
  • Logan Property Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Logan 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Logan 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 Logan 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 Logan 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.
  • Logan Property Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Logan Property Holdings's 1-year earnings growth exceeds its 5-year average (53.9% vs 30.7%)
  • Logan Property Holdings's earnings growth has exceeded the DE Real Estate industry average in the past year (53.9% vs 6.7%).
Earnings and Revenue History
Logan 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 Logan Property Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:5LP Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 56,005.09 9,818.49 2,959.90
2019-03-31 50,071.00 8,970.73 2,662.56
2018-12-31 44,136.91 8,122.96 2,365.21
2018-09-30 37,298.93 7,251.97 2,087.67
2018-06-30 30,460.95 6,380.98 1,810.13
2018-03-31 29,075.31 6,405.94 1,743.45
2017-12-31 27,689.66 6,430.90 1,676.77
2017-09-30 27,123.76 6,520.04 1,544.73
2017-06-30 26,557.86 6,609.19 1,412.69
2017-03-31 23,548.35 5,548.46 1,341.82
2016-12-31 20,538.84 4,487.74 1,270.95
2016-09-30 18,159.97 3,691.65 1,222.21
2016-06-30 15,781.10 2,895.55 1,173.48
2016-03-31 15,177.55 2,772.42 1,167.23
2015-12-31 14,574.01 2,649.28 1,160.98
2015-09-30 13,724.16 2,370.94 1,095.01
2015-06-30 12,874.31 2,092.60 1,029.04
2015-03-31 12,686.12 2,220.12 984.66
2014-12-31 12,497.94 2,347.63 940.29
2014-09-30 12,532.45 2,611.35 849.79
2014-06-30 12,566.97 2,875.07 759.29
2014-03-31 11,843.20 2,449.61 744.04
2013-12-31 11,119.42 2,024.16 728.79
2013-09-30 9,736.44 1,870.71 673.76
2013-06-30 8,353.45 1,717.27 618.74
2013-03-31 7,470.55 1,755.67 552.24
2012-12-31 6,587.66 1,794.07 485.75

*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.
  • Whilst Logan Property Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Logan Property Holdings used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • Logan 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 Logan 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.
Logan 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 Logan 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 Logan Property Holdings's finances.

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

BST:5LP Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 41,249.25 65,274.39 34,461.05
2019-03-31 41,249.25 65,274.39 34,461.05
2018-12-31 36,745.79 69,625.73 28,452.46
2018-09-30 36,745.79 69,625.73 28,452.46
2018-06-30 30,936.00 48,263.43 25,362.52
2018-03-31 30,936.00 48,263.43 25,362.52
2017-12-31 27,163.81 40,841.41 19,878.19
2017-09-30 27,163.81 40,841.41 19,878.19
2017-06-30 26,719.67 41,362.01 20,910.41
2017-03-31 26,719.67 41,362.01 20,910.41
2016-12-31 25,751.35 33,186.54 13,559.83
2016-09-30 25,751.35 33,186.54 13,559.83
2016-06-30 21,067.93 28,153.46 10,141.56
2016-03-31 21,067.93 28,153.46 10,141.56
2015-12-31 17,460.92 21,044.44 8,635.26
2015-09-30 17,460.92 21,044.44 8,635.26
2015-06-30 13,982.23 16,605.86 4,324.43
2015-03-31 13,982.23 16,605.86 4,324.43
2014-12-31 13,317.02 17,559.16 5,576.36
2014-09-30 13,317.02 17,559.16 5,576.36
2014-06-30 9,052.88 13,559.99 5,691.99
2014-03-31 9,052.88 13,559.99 5,691.99
2013-12-31 7,349.68 8,982.55 3,827.43
2013-09-30 7,349.68 8,982.55 3,827.43
2013-06-30 4,587.62 8,048.52 2,314.73
2013-03-31 4,587.62 8,048.52 2,314.73
2012-12-31 4,150.76 6,618.33 2,536.87
  • Logan Property Holdings's level of debt (158.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (149.5% vs 158.2% today).
  • Debt is not well covered by operating cash flow (16%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.4x coverage).
X
Financial health checks
We assess Logan 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. Logan 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 Logan 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
7.03%
Current annual income from Logan Property Holdings dividends. Estimated to be 8.43% next year.
If you bought €2,000 of Logan Property Holdings shares you are expected to receive €141 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?
  • Logan Property Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Logan Property Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
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
BST:5LP 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 15 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany 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.

BST:5LP Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.10 13.00
2020-12-31 0.91 14.00
2019-12-31 0.73 14.00
2019-11-18
BST:5LP Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-08-26 0.758 7.333
2019-03-19 0.639 6.236
2018-08-15 0.400 5.045
2018-03-22 0.311 3.547
2017-09-15 0.350 4.824
2017-08-11 0.315 5.068
2017-08-10 0.350 5.684
2017-04-18 0.200 4.432
2017-04-03 0.195 4.954
2017-03-30 0.200 5.778
2016-04-08 0.117 4.515
2015-05-28 0.088 3.801
2015-04-23 0.090 3.761
2015-03-30 0.090 4.147
2014-04-08 0.090 4.718
2014-02-28 0.090 4.720

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

  • Logan Property Holdings 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 Logan Property Holdings only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Logan Property Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Logan Property Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Logan Property Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Logan Property Holdings has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Logan 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
Zhuobin Lai
COMPENSATION CN¥9,094,000
AGE 48
TENURE AS CEO 0.2 years
CEO Bio

Mr. Zhuobin Lai serves as Executive Director of Logan Property Holdings Company Limited (“Logan”) in 18 November 2013. Mr. Lai has been the Chief Executive Officer of Logan Property Holdings Co. since September 12, 2019 and its Chief Financial Officer since July 2015 and served as its Vice President since July 2015. Mr. Lai was employed by Logan Real Estate Holdings Co., Ltd. in 2007 and held various senior positions within the financial management division during the period from November 2007 to May 2011. In May 2011, Mr. Lai was appointed and has since served as the financial Controller of Shenzhen Logan Holdings Company Limited (formerly known as “Shenzhen Youkaisi Investment Co., Ltd.”). He is a Member of the Chinese Institute of Certificate Public Accountants. Mr. Lai obtained a bachelor’s degree in science from Sun Yat-sen University in July 1993 and obtained a master’s degree in engineering from Beijing Institute of Technology in July 2003. Mr. Lai also obtained an executive master’s degree in business management from Peking University in 2013.

CEO Compensation
  • Zhuobin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zhuobin's remuneration is lower than average for companies of similar size in Germany.
Management Team

Hoi Pang Kei

TITLE
Executive Chairman
COMPENSATION
CN¥24M
AGE
53

Zhuobin Lai

TITLE
CEO, CFO & Executive Director
COMPENSATION
CN¥9M
AGE
48
TENURE
0.2 yrs

Xu Xiao

TITLE
Senior VP
COMPENSATION
CN¥8M
AGE
48

Jian Wu

TITLE
VP & Executive Director
AGE
49

Rita Li

TITLE
Company Secretary
AGE
54
Board of Directors Tenure

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

6
Average Tenure
49
Average Age
  • The tenure for the Logan Property Holdings board of directors is about average.
Board of Directors

Hoi Pang Kei

TITLE
Executive Chairman
COMPENSATION
CN¥24M
AGE
53
TENURE
6 yrs

Zhuobin Lai

TITLE
CEO, CFO & Executive Director
COMPENSATION
CN¥9M
AGE
48
TENURE
6 yrs

Xu Xiao

TITLE
Senior VP
COMPENSATION
CN¥8M
AGE
48
TENURE
6 yrs

Jian Wu

TITLE
VP & Executive Director
AGE
49
TENURE
0.2 yrs

Joe Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥394K
AGE
56
TENURE
6 yrs

Rebecca Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥394K
AGE
49
TENURE
6 yrs

Perenna Kei

TITLE
Non-Executive Director
COMPENSATION
CN¥7M
AGE
30
TENURE
9.5 yrs

Suisheng Cai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥394K
AGE
68
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Logan 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. Logan 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

Logan Property Holdings Company Limited, an investment holding company, invests in, develops, and constructs properties in the People’s Republic of China. The company operates through four segments: Property Development, Property Leasing, Construction and Decoration Contracts, and Primary Land Development. The Property Development segment develops and sells residential properties and retail shops. The Property Leasing segment leases office units and retail shops. The Construction and Decoration Contracts segment constructs office premises and residential buildings, as well as provides decoration services. The Primary Land Development segment sells land for development. Logan Property Holdings Company Limited was founded in 1996 and is headquartered in Shenzhen, the People’s Republic of China.

Details
Name: Logan Property Holdings Company Limited
5LP
Exchange: BST
Founded: 1996
HK$7,633,040,704
5,481,293,250
Website: http://www.loganproperty.com
Address: Logan Property Holdings Company Limited
Logan Century Center,
Tower B, Room 2002,
Shenzhen,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3380 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Dec 2013
BST 5LP Ordinary Shares Boerse-Stuttgart DE EUR 20. Dec 2013
SHSC 3380 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 20. Dec 2013
SZSC 3380 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 20. Dec 2013
Number of employees
Current staff
Staff numbers
3,219
Logan Property Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:40
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/09/17
Last earnings reported: 2019/06/30
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.