China Merchants Property Operation & Service Co., Ltd.

SZSE:001914 Stock Report

Market Cap: CN¥11.1b

China Merchants Property Operation & Service Valuation

Is 001914 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 001914 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 001914 (CN¥10.61) is trading below our estimate of fair value (CN¥15.9)

Significantly Below Fair Value: 001914 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 001914?

Key metric: As 001914 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 001914. This is calculated by dividing 001914's market cap by their current earnings.
What is 001914's PE Ratio?
PE Ratio14.8x
EarningsCN¥760.67m
Market CapCN¥11.07b

Price to Earnings Ratio vs Peers

How does 001914's PE Ratio compare to its peers?

The above table shows the PE ratio for 001914 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.8x
300917 Shenzhen SDG ServiceLtd
79.8xn/aCN¥9.5b
002344 Haining China Leather MarketLtd
66x22.1%CN¥8.5b
600007 China World Trade Center
17.6x-10.6%CN¥22.1b
300947 Shanghai DOBE Cultural & Creative Industry Development (Group)Co
87.9xn/aCN¥2.4b
001914 China Merchants Property Operation & Service
14.8x13.8%CN¥11.1b

Price-To-Earnings vs Peers: 001914 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (62.8x).

Price to Earnings Ratio vs Industry

How does 001914's PE Ratio compare vs other companies in the CN Real Estate Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
002147 Neoglory prosperity
1xn/aUS$100.99m
No more companies available in this PE range
001914 14.8xIndustry Avg. 49.3xNo. of Companies7PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 001914 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the CN Real Estate industry average (49.3x).

Price to Earnings Ratio vs Fair Ratio

What is 001914's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

001914 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio22.2x

Price-To-Earnings vs Fair Ratio: 001914 is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.2x).

Analyst Price Targets

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

The above table shows the analyst 001914 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥10.61
CN¥11.49
+8.3%
10.8%CN¥14.03CN¥10.40n/a6
Nov ’25CN¥11.33
CN¥11.49
+1.4%
10.8%CN¥14.03CN¥10.40n/a6
Oct ’25CN¥11.45
CN¥10.86
-5.2%
5.5%CN¥12.00CN¥10.00n/a6
Sep ’25CN¥8.79
CN¥11.29
+28.4%
9.5%CN¥13.30CN¥10.00n/a6
Aug ’25CN¥9.67
CN¥12.77
+32.1%
14.2%CN¥15.12CN¥10.80n/a6
Jul ’25CN¥10.48
CN¥12.87
+22.8%
13.6%CN¥15.12CN¥10.80n/a6
Jun ’25CN¥11.40
CN¥12.87
+12.9%
13.6%CN¥15.12CN¥10.80n/a6
May ’25CN¥10.68
CN¥12.87
+20.5%
13.6%CN¥15.12CN¥10.80n/a6
Apr ’25CN¥10.33
CN¥13.58
+31.5%
11.0%CN¥15.12CN¥11.00n/a5
Mar ’25CN¥11.42
CN¥15.27
+33.7%
15.1%CN¥18.00CN¥11.00n/a6
Feb ’25CN¥10.33
CN¥15.27
+47.8%
15.1%CN¥18.00CN¥11.00n/a6
Jan ’25CN¥11.96
CN¥17.50
+46.3%
6.0%CN¥19.00CN¥16.00n/a6
Dec ’24CN¥13.29
CN¥17.50
+31.7%
6.0%CN¥19.00CN¥16.00n/a6
Nov ’24CN¥13.48
CN¥17.50
+29.8%
6.0%CN¥19.00CN¥16.00CN¥11.336
Oct ’24CN¥14.43
CN¥18.28
+26.7%
7.8%CN¥20.00CN¥16.00CN¥11.456
Sep ’24CN¥15.37
CN¥18.28
+18.9%
7.8%CN¥20.00CN¥16.00CN¥8.796
Aug ’24CN¥16.18
CN¥18.96
+17.2%
10.3%CN¥21.00CN¥16.00CN¥9.676
Jul ’24CN¥15.05
CN¥18.96
+26.0%
10.3%CN¥21.00CN¥16.00CN¥10.486
Jun ’24CN¥14.62
CN¥18.96
+29.7%
10.3%CN¥21.00CN¥16.00CN¥11.406
May ’24CN¥15.53
CN¥18.96
+22.1%
10.3%CN¥21.00CN¥16.00CN¥10.686
Apr ’24CN¥15.28
CN¥18.80
+23.0%
9.6%CN¥21.00CN¥16.00CN¥10.336
Mar ’24CN¥16.41
CN¥19.45
+18.5%
6.3%CN¥21.00CN¥16.80CN¥11.427
Feb ’24CN¥16.54
CN¥19.88
+20.2%
8.8%CN¥23.00CN¥16.80CN¥10.337
Jan ’24CN¥15.38
CN¥20.76
+35.0%
7.3%CN¥23.00CN¥19.00CN¥11.967
Dec ’23CN¥15.90
CN¥20.62
+29.7%
8.1%CN¥23.00CN¥18.60CN¥13.298
Nov ’23CN¥13.62
CN¥19.65
+44.3%
16.1%CN¥23.00CN¥11.90CN¥13.489

Analyst Forecast: Target price is less than 20% higher than the current share price.

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