China Vanke Co Ltd Class A 000002

Morningstar Rating
CN¥3.06 −0.08 (2.55%)
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Company Report

Price vs Fair Value

000002 is trading at a LOCK|%>p@<% premium.
Price
CN¥3.06
Fair Value
P.R
Uncertainty
LOCK|&W f>q!&
1-Star Price
LOCK|>W
5-Star Price
LOCK|n<%
Economic Moat
LOCK|hW
Capital Allocation
LOCK|fF%GNP

Bulls Say, Bears Say

Bulls

Deeper involvement of the Shenzhen local government and Shenzhen Metro may bring more positives for Vanke to refinance debt and ease liquidity pressure.

Bears

A more structural economic slowdown with the declining population of China may further compress Vanke’s long-run sales prospects.

News

Trading Information

Previous Close Price
CN¥3.14
Day Range
CN¥3.06–3.15
52-Week Range
CN¥2.88–6.32
Bid/Ask
CN¥3.06 / CN¥3.07
Shares Outstanding
11.93B
Market Cap
CN¥36.51B
Volume/Avg
168M / 280M

Key Statistics

Price/Earnings (Normalized)
—
Price/Sales
0.21
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

China Vanke is a large real estate developer in China with residential property sales among the top three of all peers over the past five years. While property development accounts for most of its revenue and earnings, it has expanded its business presence in investment properties such as commercial retail complexes, long-term leasing apartments, and leasable logistical assets. China Vanke also owns an over-60% equity interest in its property management division Onewo, which manages the second-largest gross floor area in China. It is dual-listed in Shenzhen and Hong Kong, and state-owned Shenzhen Metro is the largest shareholder with about a 27% stake.
Sector
Real Estate
Industry
Real Estate - Development
Stock Style Box
Mid Value
Total Number of Employees
131,429

Competitors

Valuation

Metric
000002
00688
01109
Price/Earnings (Normalized)
—10.2412.85
Price/Book Value
0.390.290.63
Price/Sales
0.210.650.75
Price/Cash Flow
13.6116.683.36
Price/Earnings
000002
00688
01109

Financial Strength

Metric
000002
00688
01109
Quick Ratio
0.450.540.51
Current Ratio
1.162.421.61
Interest Coverage
−7.1433.6018.92
Quick Ratio
000002
00688
01109

Profitability

Metric
000002
00688
01109
Return on Assets (Normalized)
−8.02%1.24%2.05%
Return on Equity (Normalized)
−67.65%2.87%7.92%
Return on Invested Capital (Normalized)
−12.96%1.61%3.33%
Return on Assets
000002
00688
01109

Real Estate - Development Industry Comparables

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Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
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Sun Hung Kai Properties Ltd ADR
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—LOCK|jc?$41B
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—LOCK|#&$22B
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Daiwa House Industry Co Ltd ADR
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—LOCK|%Y>$18B
Hongkong Land Holdings Ltd
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—LOCK|Qg<c$18B
Hongkong Land Holdings Ltd ADR
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—LOCK|Fw#N$18B
China Overseas Land & Investment Ltd
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—LOCK|Hl$17B

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