China Jinmao Holdings Group Ltd 00817

Morningstar Rating
HK$1.29 −0.03 (2.27%)
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Company Report

Price vs Fair Value

00817 is trading at a LOCK|sg premium.
Price
HK$1.29
Fair Value
V!
Uncertainty
LOCK|BSX
1-Star Price
LOCK|ZSD
5-Star Price
v.%
Economic Moat
LOCK|K^
Capital Allocation
LOCK|>gD<vW

Bulls Say, Bears Say

Bulls

The projects in higher-tier cities would support Jinmao's average selling price and lift its profit margins.

Bears

Jinmao’s longer development cycle with both primary and secondary land development in place may add more pressure on its working capital turnover.

Trading Information

Previous Close Price
HK$1.32
Day Range
HK$1.28–1.37
52-Week Range
HK$1.15–2.04
Bid/Ask
HK$1.28 / HK$1.29
Shares Outstanding
13.51B
Market Cap
HK$17.43B
Volume/Avg
14M / 67M

Key Statistics

Price/Earnings (Normalized)
35.09
Price/Sales
0.29
Dividend Yield (Trailing)
2.33%
Dividend Yield (Forward)
2.33%
Dividend Payment Schedule
Oct
Total Yield
2.33%

Company Profile

China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China. It listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in wealthy cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and second-largest shareholder.
Sector
Real Estate
Industry
Real Estate - Development
Stock Style Box
Mid Value
Total Number of Employees
7,885

Competitors

Valuation

Metric
00817
01109
000002
Price/Earnings (Normalized)
35.0913.12—
Price/Book Value
0.390.650.50
Price/Sales
0.290.770.26
Price/Cash Flow
1.263.43—
Price/Earnings
00817
01109
000002

Financial Strength

Metric
00817
01109
000002
Quick Ratio
0.490.510.45
Current Ratio
1.081.611.18
Interest Coverage
2.4918.92−8.10
Quick Ratio
00817
01109
000002

Profitability

Metric
00817
01109
000002
Return on Assets (Normalized)
0.38%2.05%−5.26%
Return on Equity (Normalized)
4.43%7.92%−40.69%
Return on Invested Capital (Normalized)
1.05%3.33%−8.21%
Return on Assets
00817
01109
000002

Real Estate - Development Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Sun Hung Kai Properties Ltd
SUHJF
—LOCK|w^c$39B
Sun Hung Kai Properties Ltd ADR
SUHJY
—LOCK|cBt$39B
China Resources Land Ltd ADR
CRBJY
—LOCK|tvy$27B
CK Asset Holdings Ltd ADR
CNGKY
—LOCK|Kg$20B
CK Asset Holdings Ltd
CHKGF
—LOCK|!@$20B
China Overseas Land & Investment Ltd ADR
CAOVY
—LOCK|X#q$18B
China Overseas Land & Investment Ltd
CAOVF
—LOCK|v>$18B
Hongkong Land Holdings Ltd
HKHGF
—LOCK|yc$cM$17B
Hongkong Land Holdings Ltd ADR
HNGKY
—LOCK|zCx?b$17B
Daiwa House Industry Co Ltd ADR
DWAHY
———$17B

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