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China SCE Group Holdings

BST:XSP
Snowflake Description

Very undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XSP
BST
HK$15B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

China SCE Group Holdings Limited, an investment holding company, develops and manages properties in the People’s Republic of China. The last earnings update was 56 days ago. More info.


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XSP Share Price and Events
7 Day Returns
1.5%
BST:XSP
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
-
BST:XSP
-1.1%
DE Real Estate
9.9%
DE Market
XSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China SCE Group Holdings (XSP) 1.5% -5.1% - - - -
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 XSP.
  • No trading data on XSP.
Price Volatility
XSP
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China SCE Group Holdings's competitors could be found in our database.

Value

 Is China SCE Group 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 China SCE Group 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 China SCE Group Holdings.

BST:XSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:XSP
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%) (328.31%))
2.768
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)
= 0.23% + (2 * 5.96%)
12.15%

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

The calculations below outline how an intrinsic value for China SCE Group 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:XSP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.15%)
2020 2,671.00 Analyst x1 2,381.67
2021 5,100.00 Analyst x1 4,054.97
2022 7,157.94 Est @ 40.35% 5,074.73
2023 9,184.68 Est @ 28.31% 5,806.28
2024 11,011.38 Est @ 19.89% 6,207.04
2025 12,551.92 Est @ 13.99% 6,309.01
2026 13,789.76 Est @ 9.86% 6,180.39
2027 14,751.12 Est @ 6.97% 5,895.12
2028 15,481.08 Est @ 4.95% 5,516.68
2029 16,027.93 Est @ 3.53% 5,092.86
Present value of next 10 years cash flows CN¥52,518.00
BST:XSP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥16,027.93 × (1 + 0.23%) ÷ (12.15% – 0.23%)
CN¥134,769.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥134,769.08 ÷ (1 + 12.15%)10
CN¥42,822.79
BST:XSP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥52,518.00 + CN¥42,822.79
CN¥95,340.79
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥95,340.79 / 4,182.13
CN¥22.8
BST:XSP Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1966)
1.114
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥22.8 x 1.114
HK$25.41
Non-primary Listing Adjustment Factor 1 share in BST:XSP represents 0.11257x of SEHK:1966
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11257x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 25.41 x 0.11257
€2.86
Value per share (EUR) From above. €2.86
Current discount Discount to share price of €0.41
= -1 x (€0.41 - €2.86) / €2.86
85.6%

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

Current Discount
Amount off the current price China SCE Group Holdings is available for.
Intrinsic value
>50%
Share price is €0.41 vs Future cash flow value of €2.86
Current Discount Checks
For China SCE Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China SCE Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China SCE Group 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 China SCE Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China SCE Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:XSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.82
SEHK:1966 Share Price ** SEHK (2019-11-18) in HKD HK$3.66
SEHK:1966 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥3.28
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 China SCE Group Holdings.

BST:XSP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1966 Share Price ÷ EPS (both in CNY)

= 3.28 ÷ 0.82

4.01x

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

  • China SCE Group Holdings is good value based on earnings compared to the DE Real Estate industry average.
  • China SCE Group Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China SCE Group Holdings's expected growth come at a high price?
Raw Data
BST:XSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
18.3%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:XSP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.01x ÷ 18.3%

0.22x

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

  • China SCE Group Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China SCE Group Holdings's assets?
Raw Data
BST:XSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥4.22
SEHK:1966 Share Price * SEHK (2019-11-18) in HKD HK$3.66
SEHK:1966 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥3.28
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:XSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1966 Share Price ÷ Book Value per Share (both in CNY)

= 3.28 ÷ 4.22

0.78x

* Primary Listing of China SCE Group Holdings.

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

  • China SCE Group Holdings is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess China SCE Group 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. China SCE Group Holdings has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is China SCE Group Holdings expected to perform in the next 1 to 3 years based on estimates from 8 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
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China SCE Group Holdings expected to grow at an attractive rate?
  • China SCE Group Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China SCE Group Holdings's earnings growth is expected to exceed the Germany market average.
  • China SCE Group Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:XSP Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:XSP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 18.3%
BST:XSP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 27.8%
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:XSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:XSP Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 39,736 3,606 5,033 8
2020-12-31 32,372 7,208 4,174 8
2019-12-31 23,995 -1,092 3,519 8
2019-11-18
BST:XSP Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 18,791 -966 3,282
2019-03-31 18,287 1,658 3,334
2018-12-31 17,783 4,282 3,385
2018-09-30 17,568 5,900 3,616
2018-06-30 17,354 7,519 3,847
2018-03-31 16,730 5,471 3,343
2017-12-31 16,105 3,424 2,840
2017-09-30 15,478 3,227 2,648
2017-06-30 14,852 3,031 2,455
2017-03-31 13,666 1,376 2,264
2016-12-31 12,481 -280 2,072
2016-09-30 11,486 -621 1,496

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China SCE Group Holdings's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • China SCE Group 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:XSP 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 8 Analyst Estimates (S&P Global) See Below

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

BST:XSP Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.24 1.43 1.07 5.00
2020-12-31 1.01 1.18 0.94 5.00
2019-12-31 0.81 0.90 0.74 5.00
2019-11-18
BST:XSP Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.82
2019-03-31 0.85
2018-12-31 0.88
2018-09-30 0.95
2018-06-30 1.02
2018-03-31 0.92
2017-12-31 0.80
2017-09-30 0.76
2017-06-30 0.72
2017-03-31 0.66
2016-12-31 0.61
2016-09-30 0.44

*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.
  • China SCE Group Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess China SCE Group 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.
China SCE Group 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 China SCE Group 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 China SCE Group 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.
  • China SCE Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • China SCE Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China SCE Group Holdings's 1-year earnings growth is negative, it can't be compared to the DE Real Estate industry average.
Earnings and Revenue History
China SCE Group 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 China SCE Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:XSP 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 18,790.95 3,281.87 1,996.93
2019-03-31 18,286.92 3,333.58 1,847.03
2018-12-31 17,782.89 3,385.28 1,697.12
2018-09-30 17,568.36 3,616.01 1,553.17
2018-06-30 17,353.84 3,846.73 1,409.21
2018-03-31 16,729.54 3,343.38 1,451.59
2017-12-31 16,105.25 2,840.04 1,493.97
2017-09-30 15,478.41 2,647.59 1,367.43
2017-06-30 14,851.57 2,455.14 1,240.89
2017-03-31 13,666.13 2,263.71 1,059.89
2016-12-31 12,480.68 2,072.28 878.89
2016-09-30 11,485.71 1,496.16 793.66
2016-06-30 10,490.75 920.04 708.44
2016-03-31 10,590.41 919.35 703.87
2015-12-31 10,690.08 918.66 699.31
2015-09-30 10,711.80 1,066.97 641.81
2015-06-30 10,733.52 1,215.28 584.32
2015-03-31 8,810.45 1,057.93 587.85
2014-12-31 6,887.39 900.58 591.38
2014-09-30 5,950.75 802.34 577.04
2014-06-30 5,014.10 704.11 562.71
2014-03-31 5,801.11 795.96 524.35
2013-12-31 6,588.12 887.82 485.99
2013-09-30 6,555.41 929.14 452.83
2013-06-30 6,522.70 970.46 419.67
2013-03-31 5,079.68 821.23 390.54
2012-12-31 3,636.66 672.00 361.41

*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.
  • China SCE Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China SCE Group Holdings used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • China SCE Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China SCE Group 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.
China SCE Group Holdings 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 China SCE Group 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 China SCE Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China SCE Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China SCE Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China SCE Group 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 1.7x 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 China SCE Group Holdings Company Filings, last reported 4 months ago.

BST:XSP Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 25,477.20 44,915.83 19,987.30
2019-03-31 25,477.20 44,915.83 19,987.30
2018-12-31 22,139.41 37,901.22 16,157.75
2018-09-30 22,139.41 37,901.22 16,157.75
2018-06-30 18,934.78 30,170.44 15,416.55
2018-03-31 18,934.78 30,170.44 15,416.55
2017-12-31 16,557.87 23,487.61 8,145.48
2017-09-30 16,557.87 23,487.61 8,145.48
2017-06-30 13,163.07 24,036.82 11,987.96
2017-03-31 13,163.07 24,036.82 11,987.96
2016-12-31 12,071.83 19,846.03 7,211.99
2016-09-30 12,071.83 19,846.03 7,211.99
2016-06-30 11,426.14 18,423.44 6,780.08
2016-03-31 11,426.14 18,423.44 6,780.08
2015-12-31 11,598.60 14,930.79 4,835.08
2015-09-30 11,598.60 14,930.79 4,835.08
2015-06-30 12,755.83 11,232.96 2,379.02
2015-03-31 12,755.83 11,232.96 2,379.02
2014-12-31 11,013.76 12,579.55 3,533.68
2014-09-30 11,013.76 12,579.55 3,533.68
2014-06-30 9,732.90 11,858.73 3,158.30
2014-03-31 9,732.90 11,858.73 3,158.30
2013-12-31 8,502.21 10,498.39 3,299.60
2013-09-30 8,502.21 10,498.39 3,299.60
2013-06-30 7,546.29 8,674.96 3,333.64
2013-03-31 7,546.29 8,674.96 3,333.64
2012-12-31 6,920.88 7,897.58 2,277.22
  • China SCE Group Holdings's level of debt (176.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (121.7% vs 176.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 15.6x coverage).
X
Financial health checks
We assess China SCE Group 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. China SCE Group 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 China SCE Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.45%
Current annual income from China SCE Group Holdings dividends. Estimated to be 9.6% next year.
If you bought €2,000 of China SCE Group Holdings shares you are expected to receive €109 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?
  • China SCE Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • China SCE Group 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:XSP 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 8 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:XSP Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.37 7.00
2020-12-31 0.33 7.00
2019-12-31 0.25 7.00
2019-11-18
BST:XSP Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.179 5.565
2019-03-20 0.179 5.304
2018-03-19 0.152 5.760
2018-03-14 0.153 4.358
2017-08-30 0.096 3.242
2017-08-16 0.101 3.092
2017-03-02 0.119 4.446
2017-02-27 0.124 4.987
2016-08-24 0.000 0.000
2016-08-09 0.000 0.000
2016-04-07 0.083 6.041
2016-03-17 0.083 5.983
2015-08-28 0.082 5.983
2015-08-17 0.082 5.769
2015-03-30 0.000 0.000
2015-03-17 0.000 0.000
2014-09-01 0.000 0.000
2014-08-19 0.000 0.000
2014-03-31 0.000 0.000
2014-03-18 0.000 0.000
2013-08-20 0.078 5.732
2013-08-15 0.079 5.941
2013-04-08 0.000 0.000
2012-03-28 0.027 2.252
2011-08-18 0.000 0.000
2011-03-24 0.068 4.983
2011-01-05 0.058 3.957
2010-08-30 0.057 3.685

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

  • China SCE Group 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 China SCE Group Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of China SCE Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess China SCE Group 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 China SCE Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China SCE Group 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 China SCE Group 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
Chiu Wong
COMPENSATION CN¥3,942,000
AGE 53
CEO Bio

Mr. Chiu Yeung Wong is the Co-Founder, Chairman, Chief Executive Officer and President of China SCE Property Holdings Limited. Mr. Wong has 13 years of experience in real estate development. He serves as Chairman of the Board of Directors of Nan'an verseas Chinese Middle School. He serves as permanent honorable chairman of each of Hong Kong Fujian Countrymen Association , Hong Kong Quanzhou Countrymen Association and Hong Kong Xiamen Fraternal Association. He serves as Vice Chairman of Hong Kong Association for the Promotion of Peaceful Reunification of China and Quanzhou Normal University. He is Guest Professor of Nanchang University. He has been a Director at China SCE Property Holdings Limited since November 30, 2007. He serves as a Director of all of China SCE Property Holdings Limited. 's subsidiaries, other than Quanzhou East Coast Construction Co., Ltd., SCE Beijing Junhuada, SCE Beijing Property Management, SCE Century, SCE Decoration, SCE Quanzhou Property Management, SCE Quanzhou Sapphire Peninsula, SCE Sapphire Boomtown, SCE Sapphire Uptown, SCE Seashore Suite No. 1, SCE Shanxi Yuanhong, SCE Sports Center, SCE Sunshine Town, SCE West Lake No. 1, SCE World City Management, SCE Xiamen Guanjun, SCE Xiamen Property Management and Xiamen Hongqiao Real Estate Development Co., Ltd. Mr. Wong has completed an Executive Master of Business Administration programmein Xiamen University.

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

Chiu Wong

TITLE
Chairman
COMPENSATION
CN¥4M
AGE
53

Hiu Lok Cheng

TITLE
Co-Founder & Vice Chairman
COMPENSATION
CN¥4M
AGE
54

Yuanlai Chen

TITLE
Co-Founder & Vice Chairman
COMPENSATION
CN¥4M
AGE
52

Youquan Huang

TITLE
Executive President & Executive Director
COMPENSATION
CN¥4M
AGE
50

Lun Wong

TITLE
Assistant President & Executive Director
COMPENSATION
CN¥2M
AGE
32
TENURE
2.8 yrs

Peichen Chen

TITLE
General Manager of Financial Management Department
AGE
43

Zhenxing Lu

TITLE
General Manager of the Sales and Marketing Department
AGE
37

Siu Li

TITLE
Financial Controller & Company Secretary
AGE
50

Chan Keith

TITLE
CEO & Vice Chairman of Funlive Rental Apartments Business
AGE
46

Haitao Zhang

TITLE
General Manager of the Audit and Supervision Department
AGE
50
Board of Directors Tenure

Average tenure and age of the China SCE Group Holdings board of directors in years:

9.8
Average Tenure
52
Average Age
  • The tenure for the China SCE Group Holdings board of directors is about average.
Board of Directors

Chiu Wong

TITLE
Chairman
COMPENSATION
CN¥4M
AGE
53

Hiu Lok Cheng

TITLE
Co-Founder & Vice Chairman
COMPENSATION
CN¥4M
AGE
54

Yuanlai Chen

TITLE
Co-Founder & Vice Chairman
COMPENSATION
CN¥4M
AGE
52

Youquan Huang

TITLE
Executive President & Executive Director
COMPENSATION
CN¥4M
AGE
50
TENURE
8.5 yrs

Lun Wong

TITLE
Assistant President & Executive Director
COMPENSATION
CN¥2M
AGE
32
TENURE
2.7 yrs

Chan Keith

TITLE
CEO & Vice Chairman of Funlive Rental Apartments Business
AGE
46

Yiyi Dai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥284K
AGE
51
TENURE
9.8 yrs

Stephen Ting

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥284K
AGE
65
TENURE
9.8 yrs

Hong Te Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥284K
AGE
58
TENURE
9.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by China SCE Group Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Nov 19 Buy Hiu Lok Cheng Individual 13. Nov 19 13. Nov 19 3,500,000 €0.42 €1,457,621
14. Nov 19 Buy Hiu Lok Cheng Individual 14. Nov 19 14. Nov 19 4,000,000 €0.40 €1,619,680
12. Nov 19 Buy Hiu Lok Cheng Individual 12. Nov 19 12. Nov 19 4,500,000 €0.42 €1,904,399
12. Nov 19 Buy Hiu Lok Cheng Individual 11. Nov 19 11. Nov 19 3,960,000 €0.42 €1,652,533
28. Aug 19 Buy Hiu Lok Cheng Individual 27. Aug 19 27. Aug 19 2,500,000 €0.46 €1,150,386
28. Aug 19 Buy Hiu Lok Cheng Individual 26. Aug 19 26. Aug 19 1,500,000 €0.45 €671,528
26. Aug 19 Buy Hiu Lok Cheng Individual 23. Aug 19 23. Aug 19 5,500,000 €0.46 €2,543,343
17. Jan 19 Buy Yuanlai Chen Individual 07. Dec 18 07. Dec 18 2,500,000 €0.31 €785,466
17. Jan 19 Buy Yuanlai Chen Individual 06. Dec 18 06. Dec 18 1,500,000 €0.31 €462,524
17. Jan 19 Buy Yuanlai Chen Individual 05. Dec 18 05. Dec 18 2,000,000 €0.32 €637,182
18. Jan 19 Buy Chiu Wong Individual 18. Jan 19 18. Jan 19 6,000,000 €0.35 €2,119,170
18. Jan 19 Buy Chiu Wong Individual 17. Jan 19 17. Jan 19 5,500,000 €0.35 €1,949,418
16. Jan 19 Buy Chiu Wong Individual 16. Jan 19 16. Jan 19 5,000,000 €0.35 €1,761,393
16. Jan 19 Buy Chiu Wong Individual 15. Jan 19 15. Jan 19 4,500,000 €0.34 €1,540,962
15. Jan 19 Buy Chiu Wong Individual 14. Jan 19 14. Jan 19 5,500,000 €0.33 €1,837,282
11. Jan 19 Buy Chiu Wong Individual 11. Jan 19 11. Jan 19 5,000,000 €0.33 €1,667,815
10. Jan 19 Buy Chiu Wong Individual 09. Jan 19 09. Jan 19 5,000,000 €0.32 €1,623,290
11. Jan 19 Buy Chiu Wong Individual 10. Jan 19 10. Jan 19 4,500,000 €0.33 €1,478,841
10. Jan 19 Buy Chiu Wong Individual 08. Jan 19 08. Jan 19 5,500,000 €0.33 €1,798,834
08. Jan 19 Buy Chiu Wong Individual 04. Jan 19 04. Jan 19 5,000,000 €0.31 €1,567,707
08. Jan 19 Buy Chiu Wong Individual 07. Jan 19 07. Jan 19 6,000,000 €0.32 €1,936,590
18. Dec 18 Buy Chiu Wong Individual 17. Dec 18 17. Dec 18 2,950,000 €0.34 €988,695
17. Dec 18 Buy Chiu Wong Individual 14. Dec 18 14. Dec 18 2,500,000 €0.33 €829,487
13. Dec 18 Buy Chiu Wong Individual 13. Dec 18 13. Dec 18 2,550,000 €0.33 €829,117
11. Dec 18 Buy Chiu Wong Individual 11. Dec 18 11. Dec 18 1,500,000 €0.31 €469,110
11. Dec 18 Buy Chiu Wong Individual 10. Dec 18 10. Dec 18 2,000,000 €0.31 €615,945
04. Dec 18 Buy Hiu Lok Cheng Individual 04. Dec 18 04. Dec 18 2,500,000 €0.32 €798,178
04. Dec 18 Buy Hiu Lok Cheng Individual 03. Dec 18 03. Dec 18 3,500,000 €0.32 €1,112,139
23. Nov 18 Buy Chiu Wong Individual 23. Nov 18 23. Nov 18 3,000,000 €0.31 €931,651
22. Nov 18 Buy Chiu Wong Individual 22. Nov 18 22. Nov 18 3,000,000 €0.32 €945,771
19. Nov 18 Buy Chiu Wong Individual 19. Nov 18 19. Nov 18 5,000,000 €0.31 €1,569,258
X
Management checks
We assess China SCE Group 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. China SCE Group 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

China SCE Group Holdings Limited, an investment holding company, develops and manages properties in the People’s Republic of China. Its properties include high-rise residential buildings, low-rise residential buildings, villas, commercial buildings, offices, and rental apartments. The company also trades in construction materials. In addition, it offers fun live apartments, fun work co-working spaces, and health management spaces. The company was formerly known as China SCE Property Holdings Limited and changed its name to China SCE Group Holdings Limited in July 2018. China SCE Group Holdings Limited was founded in 1996 and is headquartered in Shanghai, the People's Republic of China. China SCE Group Holdings Limited is a subsidiary of Newup Holdings Limited.

Details
Name: China SCE Group Holdings Limited
XSP
Exchange: BST
Founded: 1996
HK$1,763,770,271
4,182,133,380
Website: http://www.sce-re.com
Address: China SCE Group Holdings Limited
SCE Tower,
Lane 1688,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1966 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 05. Feb 2010
DB XSP Ordinary Shares Deutsche Boerse AG DE EUR 05. Feb 2010
BST XSP Ordinary Shares Boerse-Stuttgart DE EUR 05. Feb 2010
SHSC 1966 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 05. Feb 2010
SZSC 1966 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 05. Feb 2010
Number of employees
Current staff
Staff numbers
6,646
China SCE Group 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: 2019/11/18
Last earnings filing: 2019/09/23
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.