Friday, April 2, 2021

China Overseas Land, Yanlord and HK Land

[6 Apr: Added HK Land]

Recently, I found China Overseas Land (COLI) and Yanlord to be cheap.

Below are some numbers for my reference. The figures are extracted from Shareinvestor.com

 

China Overseas Land

Yanlord

HK Land

 

HK$

S$

US$

 

2 Apr 2021

6 Apr 2021

Price

20.2

1.24

5

NAV/shr

34.03

3.27

15.3

P/B

0.59

0.38

0.33

 

Earnings Per Share

2011

1.84

0.16

2.28

2012

2.29

0.19

0.61

2013

2.82

0.15

0.51

2014

3.39

0.14

0.56

2015

3.61

0.16

0.86

2016

3.64

0.29

1.42

2017

3.72

0.34

2.73

2018

4.10

0.36

1.05

2019

4.31

0.34

0.08

2020

4.48

0.27

-1.13

Average

3.42

0.24

0.90

P / 10 yr Avg E

5.91

5.16

5.57

Net Debt To Equity
((Long Term Debt + Short Term Debt - Cash and Short Term Investments)/(Shareholders' Equity - Other Share Capital))

0.363

0.823

0.128

 

COLI is more expensive than Yanlord and HK Land in terms of P/B and P/E.

HK Land is the least riskly. COLI is less risky compared to Yanlord, as its net debt to equity is lower.

Looking at P/10 yr Avg Earnings, Yanlord is the cheapest, while COLI is most expensive. Nonetheless, COLI is just a tad more expensive at 5.9 while its P/B is higher at 0.59. This suggest that COLI’s earnings power is higher than Yanlord and HK Land.

Dividend-wise, COLI and Yanlord are similar. Nonetheless, COLI has annual increase in dividends, which is a plus point. HK Land has the lowest dividend yield.

 

China Overseas Land*

Yanlord

HK Land

HK$

S$

US$

2 Apr 2021

6 Apr 2021

Dividend Per Share

2011

0.33

-

0.16

2012

0.39

0.0186

0.17

2013

0.47

0.0130

0.18

2014

0.55

0.0130

0.19

2015

0.61

0.0152

0.19

2016

0.77

0.0435

0.19

2017

0.80

0.0680

0.20

2018

0.90

0.0680

0.22

2019

1.02

0.0680

0.22

2020

1.18

0.0680

0.22

2020 Dividend Yield

5.8%

5.5%

4.4%

*May have 10% withholding tax on dividends

 

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