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Sino Land Co (SNLAF)
:SNLAF
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Positive Factors
Dividends and Cash Balance
Sino Land sat on net cash balance of HKD45.9bn which allows the company to deliver steady dividends while pursuing value-accretive land acquisitions.
Financial Strength
With impeccable financial strength, Sino Land is well positioned to make value-accretive land acquisitions which should enhance its long-term growth prospects and support its stock valuation.
Market Response
A favourable market response to project launches could provide upside on stock price.
Negative Factors
Profit Decline
1HFY25 underlying profit dropped 24% y/y to HKD2.2bn, dragged by lower development earnings.
Property Demand
Any property demand softening could drag its earnings and thus share price.
Sino Land Co (SNLAF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.45B
Dividend Yield7.43%
Average Volume (3M)0.00
Price to Earnings (P/E)18.8
Beta (1Y)0.40
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees10,000
SectorReal Estate
Sector Strength60
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.05
Shares Outstanding9,150,104,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.94
Price to Book (P/B)0.42
Price to Sales (P/S)0.00
P/FCF Ratio19.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$1.15Price Target Upside15.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Sino Land Co Business Overview & Revenue Model
Company DescriptionSino Land Company Limited, an investment holding company, invests in, develops, manages, and trades in properties. It operates through six segments: Property Sales, Property Rental, Property Management and Other Services, Hotel Operations, Investments in Securities, and Financing. The company's property portfolio includes office, industrial, and residential buildings, as well as shopping malls, car parks, and hotels. It also provides cleaning, building construction and management, financing, administration, security, mortgage loan financing, secretarial, management, project management, securities investment, living, consultancy, and deposit placing services, as well as operates hotels. As of June 30, 2021, the company had a land bank of approximately 20.8 million square feet of attributable floor area in Mainland China, Hong Kong, Singapore, and Sydney. The company was incorporated in 1971 and is based in Tsim Sha Tsui, Hong Kong. Sino Land Company Limited is a subsidiary of Tsim Sha Tsui Properties Limited.
How the Company Makes Money
Sino Land Co Financial Statement Overview
Summary
Sino Land Co demonstrates strong profitability and a robust balance sheet with low leverage and high equity. However, declining revenue and fluctuating cash flows pose challenges. The company needs to address revenue growth to sustain long-term financial health.Income Statement
Sino Land Co has shown a declining trend in revenue, with a significant drop from 2021 to 2024. Despite this, the company maintains strong profitability, with high gross and net profit margins in 2024 at 39.0% and 50.2% respectively. The EBIT and EBITDA margins are also robust, indicating efficient operations. However, the shrinking revenue base is a concern for future growth.68
Positive
Balance Sheet
The balance sheet of Sino Land Co is strong, with a low debt-to-equity ratio of 0.005 in 2024, indicating low leverage. The equity ratio is high at 91.9%, reflecting a solid capital structure. The company has a substantial cash reserve, enhancing financial stability. However, the total assets have decreased slightly over the years, which could impact long-term growth.75
Positive
Cash Flow
Sino Land Co has experienced fluctuations in free cash flow, showing a decline in 2024 compared to previous years. The operating cash flow to net income ratio is 0.26, suggesting operational cash generation is lower relative to net income. Despite these challenges, the company maintains a positive free cash flow, which supports ongoing operations and investment activities.63
Positive
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 8.26B | 8.77B | 11.90B | 15.65B | 24.43B | 7.12B | Gross Profit |
| 3.56B | 3.42B | 5.21B | 8.17B | 13.24B | 4.49B | EBIT |
| 1.72B | 2.34B | 4.28B | 7.31B | 12.39B | 3.64B | EBITDA |
| 1.87B | 4.97B | 4.47B | 7.49B | 12.57B | 3.82B | Net Income Common Stockholders |
| 3.61B | 4.40B | 5.85B | 5.74B | 9.65B | 1.69B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 42.44B | 46.43B | 43.94B | 44.79B | 44.14B | 43.67B | Total Assets |
| 188.36B | 180.34B | 179.27B | 178.98B | 181.72B | 186.72B | Total Debt |
| 7.06B | 854.00M | 2.08B | 3.37B | 5.39B | 6.93B | Net Debt |
| 2.24B | -953.00M | -11.70B | -252.02M | 1.80B | 791.43M | Total Liabilities |
| 40.51B | 14.03B | 16.17B | 20.76B | 24.91B | 40.96B | Stockholders Equity |
| 147.02B | 165.79B | 162.35B | 157.40B | 155.16B | 144.92B |
| Cash Flow | Free Cash Flow | ||||
| 3.89B | 1.08B | 1.40B | 7.29B | 3.98B | 9.38B | Operating Cash Flow |
| 3.96B | 1.15B | 1.51B | 7.34B | 4.02B | 9.43B | Investing Cash Flow |
| 9.44B | -6.86B | -3.97B | -12.09B | 2.26B | -966.84M | Financing Cash Flow |
| -543.78M | -1.34B | -1.29B | -6.13B | -1.09B | -2.01B |
Sino Land Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| $9.45B | 18.79 | 2.17% | 7.43% | ― | ― | ||
61 Neutral | $2.83B | 10.92 | 0.41% | 8438.90% | 5.75% | -21.03% | |
| $10.33B | 5.74 | 13.28% | ― | ― | |||
| $14.70B | 7.83 | 3.52% | 5.72% | ― | ― | ||
| $8.22B | 5.52 | 6.64% | 5.19% | ― | ― | ||
| $8.78B | ― | -2.30% | 1.99% | ― | ― | ||
67 Neutral | HK$41.66B | 19.59 | 2.19% | 3.02% | -30.23% | -40.59% |
* Real Estate Sector Average
Performance Comparison
SNLAF
Sino Land Co
1.00
-0.05
-4.76%
CHVKF
China Vanke Co
0.63
-0.09
-12.50%
CHKGF
CK Asset Holdings
3.90
0.18
4.84%
LNGPF
Longfor Group Holdings
1.21
-0.31
-20.39%
WARFF
Wharf (Holdings)
2.58
-0.30
-10.42%
HK:0247
Tsim Sha Tsui Properties Limited
19.20
1.75
10.03%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.