Greenland Holdings Corporation Limited

SHSE:600606 Stock Report

Market Cap: CN¥31.5b

Greenland Holdings Valuation

Is 600606 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600606 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 600606's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 600606's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600606?

Key metric: As 600606 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600606. This is calculated by dividing 600606's market cap by their current revenue.
What is 600606's PS Ratio?
PS Ratio0.1x
SalesCN¥266.78b
Market CapCN¥31.48b

Price to Sales Ratio vs Peers

How does 600606's PS Ratio compare to its peers?

The above table shows the PS ratio for 600606 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13x
601155 Seazen Holdings
0.3x-16.9%CN¥29.3b
000069 Shenzhen Overseas Chinese TownLtd
0.4x-2.8%CN¥23.1b
600246 Vantone Neo Development Group
49xn/aCN¥22.4b
600177 Youngor Fashion
2.4x-11.2%CN¥35.0b
600606 Greenland Holdings
0.1x-16.9%CN¥31.5b

Price-To-Sales vs Peers: 600606 is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (13x).


Price to Sales Ratio vs Industry

How does 600606's PS Ratio compare vs other companies in the CN Real Estate Industry?

32 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.3x1.1%
600606 Greenland Holdings
0.1x-16.9%US$4.34b
600048 Poly Developments and Holdings Group
0.3x-2.6%US$15.93b
000002 China Vanke
0.3x-10.4%US$12.96b
600606 0.1xIndustry Avg. 2.3xNo. of Companies32PS0246810+
32 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.3x38.1%
600606 Greenland Holdings
0.1x107.8%US$4.34b
No more companies

Price-To-Sales vs Industry: 600606 is good value based on its Price-To-Sales Ratio (0.1x) compared to the CN Real Estate industry average (2.3x).


Price to Sales Ratio vs Fair Ratio

What is 600606's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600606 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: 600606 is good value based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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