Future Land Holdings (601155) Stock Price, Fundamentals & Analysis

What 601155 does

Future Land Holdings (601155), now operating as Seazen Holdings, is a Chinese real estate company listed on the Shanghai Stock Exchange. Founded in 1993 and headquartered in Shanghai, the company employs 18,646 people and is a subsidiary of Fuyu Development Group Limited.

Its activities span several parts of the property sector: developing and selling residential real estate, operating and managing commercial complexes, and running hotel and eldercare businesses. It also provides agency construction services. In this sense it sits in the Real Estate - Development industry, alongside Chinese peers such as Poly Real Estate Group (600048) and China Development Holdings (600606).

Key numbers explained

For a reader new to stock metrics, here is how the main figures for Future Land Holdings (601155) are typically read:

• Price of 12.56 CNY, down 3.01% today, and down 22% over the last 52 weeks — a stock that has lost ground over the past year, trading between a 52-week low of 10 and a high of 18.35.
• Trailing P/E ratio of 44.9 — the price is 44.9 times the last twelve months' earnings per share of 0.28 CNY, a high multiple that usually reflects thin recent profits.
• Forward P/E ratio of 23.1 — based on expected earnings, the multiple is lower, implying analysts anticipate earnings to improve.
• Market capitalization of 28.33B CNY — the total market value of all shares.
• Dividend yield of 0%, with 0% of earnings paid out and an ex-dividend date of Jul 13, 2021 — the company currently returns no cash to shareholders.
• Profit margin of 1.3% versus an operating margin of 17.2% — operations are profitable at the operating level, but very little reaches the bottom line.
• Return on equity of 0.5% and a debt-to-equity ratio of 81.2% — modest profitability on shareholders' capital with meaningful leverage.
• Price-to-book of 0.46 — the shares trade at less than half the accounting value of the company's assets.

What to watch

As a Chinese property developer, Future Land Holdings (601155) is sensitive to factors common to the sector: the health of the domestic housing market, property sales volumes, financing conditions and leverage levels, and interest-rate policy in China. Its beta of 1.45 suggests the stock tends to move more sharply than the overall market. Investors comparing it with regional peers may look at names like Sun Hung Kai Properties Limited (0016), or with US-listed real estate companies such as UDR, Inc. (UDR) and Alexandria Real Estate Equities (ARE), keeping in mind that business models differ considerably. Revenue trends also matter: trailing twelve-month revenue of 48.56B CNY declined 16.5% year over year, so future reporting on sales and margins is a natural focal point.