Chinese Estates Holdings Limited
Chinese Estates Group (the Group) is one of the leading property developers in Hong Kong. Chinese Estates Holdings Limited is the holding company of the Group and it is publicly listed on The Stock Exchange of Hong Kong Limited with stock code: 127. Chinese Estates' core businesses comprise of property investment for rental and property development. The Group focuses primarily in Hong Kong, and d… Read more
Chinese Estates Holdings Limited (CESTF) - Net Assets
Latest net assets as of December 2024: $12.09 Billion USD
Based on the latest financial reports, Chinese Estates Holdings Limited (CESTF) has net assets worth $12.09 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.70 Billion) and total liabilities ($3.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.09 Billion |
| % of Total Assets | 77.0% |
| Annual Growth Rate | -1.86% |
| 5-Year Change | -57.99% |
| 10-Year Change | -78.85% |
| Growth Volatility | 42.55 |
Chinese Estates Holdings Limited - Net Assets Trend (1997–2024)
This chart illustrates how Chinese Estates Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chinese Estates Holdings Limited (1997–2024)
The table below shows the annual net assets of Chinese Estates Holdings Limited from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.09 Billion | -15.06% |
| 2023-12-31 | $14.24 Billion | +1.66% |
| 2022-12-31 | $14.00 Billion | -2.75% |
| 2021-12-31 | $14.40 Billion | -49.97% |
| 2020-12-31 | $28.78 Billion | -14.32% |
| 2019-12-31 | $33.59 Billion | -24.08% |
| 2018-12-31 | $44.25 Billion | -12.41% |
| 2017-12-31 | $50.52 Billion | +20.33% |
| 2016-12-31 | $41.98 Billion | -26.57% |
| 2015-12-31 | $57.18 Billion | -6.91% |
| 2014-12-31 | $61.42 Billion | +30.16% |
| 2013-12-31 | $47.19 Billion | +2.63% |
| 2012-12-31 | $45.98 Billion | +26.43% |
| 2011-12-31 | $36.37 Billion | +6.31% |
| 2010-12-31 | $34.21 Billion | -13.24% |
| 2009-12-31 | $39.43 Billion | +11.70% |
| 2008-12-31 | $35.30 Billion | -25.94% |
| 2007-12-31 | $47.67 Billion | +32.54% |
| 2006-12-31 | $35.96 Billion | +51.72% |
| 2005-12-31 | $23.70 Billion | +27.64% |
| 2004-12-31 | $18.57 Billion | +27.89% |
| 2003-12-31 | $14.52 Billion | +28.35% |
| 2002-12-31 | $11.31 Billion | -29.06% |
| 2001-12-31 | $15.95 Billion | -2.25% |
| 2000-12-31 | $16.32 Billion | +175.52% |
| 1999-12-31 | $5.92 Billion | -62.40% |
| 1998-12-31 | $15.75 Billion | -21.48% |
| 1997-12-31 | $20.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chinese Estates Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 936482500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.36 Billion | 77.61% |
| Common Stock | $190.76 Million | 1.58% |
| Other Components | $2.51 Billion | 20.81% |
| Total Equity | $12.07 Billion | 100.00% |
Chinese Estates Holdings Limited Competitors by Market Cap
The table below lists competitors of Chinese Estates Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CropEnergies AG
LSE:0DXG
|
$71.54 Million |
|
EUROZ Hartleys Group Ltd
AU:EZL
|
$71.55 Million |
|
Aumann AG
PINK:AUUMF
|
$71.59 Million |
|
Enlight Renewable Energy Ltd
TA:ENLT
|
$71.60 Million |
|
Motomova Inc.
PINK:MTMV
|
$71.48 Million |
|
Sunstone Metals Ltd
AU:STM
|
$71.48 Million |
|
D.B.Corp Limited
NSE:DBCORP
|
$71.45 Million |
|
Desktop - Sigmanet Comunicação Multimídia S.A.
SA:DESK3
|
$71.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chinese Estates Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,211,504,000 to 12,066,736,000, a change of -2,144,768,000 (-15.1%).
- Net loss of 2,108,331,000 reduced equity.
- Other comprehensive income decreased equity by 2,485,932,000.
- Other factors increased equity by 2,449,495,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.11 Billion | -17.47% |
| Other Comprehensive Income | $-2.49 Billion | -20.6% |
| Other Changes | $2.45 Billion | +20.3% |
| Total Change | $- | -15.09% |
Book Value vs Market Value Analysis
This analysis compares Chinese Estates Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $10.35 | $0.15 | x |
| 1998-12-31 | $8.12 | $0.15 | x |
| 1999-12-31 | $2.87 | $0.15 | x |
| 2000-12-31 | $7.57 | $0.15 | x |
| 2001-12-31 | $6.59 | $0.15 | x |
| 2002-12-31 | $4.65 | $0.15 | x |
| 2003-12-31 | $6.49 | $0.15 | x |
| 2004-12-31 | $8.92 | $0.15 | x |
| 2005-12-31 | $10.46 | $0.15 | x |
| 2006-12-31 | $15.83 | $0.15 | x |
| 2007-12-31 | $20.71 | $0.15 | x |
| 2008-12-31 | $15.55 | $0.15 | x |
| 2009-12-31 | $19.36 | $0.15 | x |
| 2010-12-31 | $17.40 | $0.15 | x |
| 2011-12-31 | $18.69 | $0.15 | x |
| 2012-12-31 | $23.88 | $0.15 | x |
| 2013-12-31 | $24.69 | $0.15 | x |
| 2014-12-31 | $21.79 | $0.15 | x |
| 2015-12-31 | $21.10 | $0.15 | x |
| 2016-12-31 | $15.62 | $0.15 | x |
| 2017-12-31 | $19.07 | $0.15 | x |
| 2018-12-31 | $17.86 | $0.15 | x |
| 2019-12-31 | $17.60 | $0.15 | x |
| 2020-12-31 | $15.08 | $0.15 | x |
| 2021-12-31 | $7.54 | $0.15 | x |
| 2022-12-31 | $7.33 | $0.15 | x |
| 2023-12-31 | $7.45 | $0.15 | x |
| 2024-12-31 | $6.33 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chinese Estates Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -17.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -625.97%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.30x
- Recent ROE (-17.47%) is below the historical average (5.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 2.55% | 3.38% | 0.69x | 1.09x | $-1.49 Billion |
| 1998 | 3.29% | 13.95% | 0.21x | 1.14x | $-1.06 Billion |
| 1999 | 2.33% | 9.87% | 0.13x | 1.78x | $-453.92 Million |
| 2000 | -2.33% | -58.31% | 0.03x | 1.27x | $-2.00 Billion |
| 2001 | -3.97% | -87.09% | 0.03x | 1.33x | $-2.19 Billion |
| 2002 | -15.61% | -235.80% | 0.05x | 1.47x | $-2.82 Billion |
| 2003 | 8.03% | 45.55% | 0.11x | 1.54x | $-283.69 Million |
| 2004 | 8.79% | 30.90% | 0.20x | 1.42x | $-223.88 Million |
| 2005 | 27.70% | 283.72% | 0.06x | 1.74x | $4.12 Billion |
| 2006 | 21.27% | 158.64% | 0.08x | 1.62x | $4.00 Billion |
| 2007 | 17.67% | 98.65% | 0.13x | 1.41x | $3.62 Billion |
| 2008 | -4.31% | -118.14% | 0.02x | 1.50x | $-4.96 Billion |
| 2009 | 22.39% | 402.02% | 0.04x | 1.54x | $4.79 Billion |
| 2010 | -26.44% | -331.64% | 0.05x | 1.64x | $-12.21 Billion |
| 2011 | 9.81% | 662.73% | 0.01x | 1.73x | $-67.32 Million |
| 2012 | 21.51% | 402.50% | 0.03x | 1.64x | $5.24 Billion |
| 2013 | 13.41% | 97.91% | 0.09x | 1.61x | $1.61 Billion |
| 2014 | 21.04% | 312.43% | 0.04x | 1.72x | $4.59 Billion |
| 2015 | 19.20% | 463.04% | 0.03x | 1.57x | $3.70 Billion |
| 2016 | 21.34% | 163.03% | 0.09x | 1.54x | $3.38 Billion |
| 2017 | 10.19% | 229.11% | 0.03x | 1.54x | $70.29 Million |
| 2018 | 2.98% | 101.85% | 0.02x | 1.43x | $-2.39 Billion |
| 2019 | 2.35% | 58.07% | 0.03x | 1.44x | $-2.57 Billion |
| 2020 | 2.16% | 18.92% | 0.09x | 1.30x | $-2.25 Billion |
| 2021 | -24.45% | -302.61% | 0.05x | 1.50x | $-4.95 Billion |
| 2022 | 8.24% | 79.73% | 0.07x | 1.39x | $-245.72 Million |
| 2023 | 0.54% | 16.02% | 0.03x | 1.30x | $-1.34 Billion |
| 2024 | -17.47% | -625.97% | 0.02x | 1.30x | $-3.32 Billion |
Industry Comparison
This section compares Chinese Estates Holdings Limited's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $46,623,522,914
- Average return on equity (ROE) among peers: 6.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chinese Estates Holdings Limited (CESTF) | $12.09 Billion | 2.55% | 0.30x | $71.54 Million |
| Fastighets AB Balder (publ) (BALDF) | $4.66 Billion | 37.66% | 2.23x | $4.42 Billion |
| Bresler & Reiner Inc (BRER) | $221.94 Million | -4.18% | 3.15x | $286.68 |
| Central Pattana Public Company Limited (CPNNF) | $15.17 Billion | 14.49% | 1.89x | $3.86 Billion |
| Community Redevelopment Inc (CRDV) | $-732.85K | 0.00% | 0.00x | $450.08K |
| Daito Trust Construction Co.Ltd (DITTF) | $365.79 Billion | 19.02% | 1.75x | $30.07 Billion |
| Eco Depot Inc (ECDP) | $5.22 Million | -14.85% | 0.39x | $551.28 |
| Frasers Property Limited (FSRPF) | $15.12 Billion | 1.24% | 1.56x | $289.47 Million |
| 420 Property Management Inc (FTPM) | $-19.97 Million | 0.00% | 0.00x | $1.92 |
| Great Eagle Holdings Limited (GEAHF) | $18.67 Billion | 1.67% | 1.04x | $355.22 Million |