China Jinmao Holdings Group Limited

DB:3F5 Stock Report

Market Cap: €1.6b

China Jinmao Holdings Group Valuation

Is 3F5 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-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 3F5 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3F5 (€0.11) is trading below our estimate of fair value (€0.2)

Significantly Below Fair Value: 3F5 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3F5?

Key metric: As 3F5 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3F5. This is calculated by dividing 3F5's market cap by their current revenue.
What is 3F5's PS Ratio?
PS Ratio0.2x
SalesCN¥67.54b
Market CapCN¥12.04b

Price to Sales Ratio vs Peers

How does 3F5's PS Ratio compare to its peers?

The above table shows the PS ratio for 3F5 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
INS Instone Real Estate Group
0.8x17.3%€373.4m
CRZK CR Energy
7.5x48.2%€114.1m
ZYW China Properties Group
3.1xn/a€66.9m
GYC Grand City Properties
3.3x1.8%€2.0b
3F5 China Jinmao Holdings Group
0.2x-0.9%€12.8b

Price-To-Sales vs Peers: 3F5 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (3.9x).

Price to Sales Ratio vs Industry

How does 3F5's PS Ratio compare vs other companies in the DE Real Estate Industry?

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.3x-14.4%
3F5 China Jinmao Holdings Group
 0.2x-0.9%US$1.65b
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.4x-42.0%US$75.93m
ADJ Adler Group
0.1xn/aUS$49.42m
3F5 0.2xIndustry Avg. 3.3xNo. of Companies8PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.3x96.2%
3F5 China Jinmao Holdings Group
 0.2x62.6%US$1.65b
No more companies

Price-To-Sales vs Industry: 3F5 is good value based on its Price-To-Sales Ratio (0.2x) compared to the German Real Estate industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is 3F5'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.

3F5 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 3F5 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 3F5 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.11
€0.11
+2.8%
31.0%€0.16€0.057n/a10
Dec ’25€0.12
€0.10
-14.1%
29.1%€0.16€0.056n/a10
Nov ’25€0.13
€0.10
-23.7%
29.0%€0.15€0.055n/a10
Oct ’25€0.12
€0.093
-24.1%
21.2%€0.13€0.053n/a10
Sep ’25€0.075
€0.11
+41.8%
69.9%€0.35€0.046n/a12
Aug ’25€0.065
€0.11
+66.0%
72.9%€0.36€0.047n/a12
Jul ’25€0.066
€0.11
+63.0%
72.9%€0.36€0.048n/a12
Jun ’25€0.076
€0.10
+37.2%
74.6%€0.35€0.047n/a12
May ’25€0.07
€0.11
+50.3%
74.6%€0.36€0.048n/a12
Apr ’25€0.059
€0.11
+82.6%
72.3%€0.36€0.054n/a12
Mar ’25€0.068
€0.16
+134.3%
49.6%€0.35€0.071n/a12
Feb ’25€0.066
€0.17
+155.9%
43.5%€0.35€0.071n/a13
Jan ’25€0.093
€0.18
+94.7%
33.3%€0.35€0.12n/a12
Dec ’24€0.093
€0.19
+100.7%
30.4%€0.35€0.12€0.1213
Nov ’24€0.11
€0.20
+86.3%
30.5%€0.36€0.12€0.1314
Oct ’24€0.11
€0.20
+78.6%
29.5%€0.36€0.12€0.1214
Sep ’24€0.12
€0.21
+67.8%
27.4%€0.35€0.14€0.07514
Aug ’24€0.14
€0.23
+68.9%
24.1%€0.35€0.14€0.06514
Jul ’24€0.13
€0.23
+84.6%
22.7%€0.35€0.14€0.06614
Jun ’24€0.12
€0.24
+94.6%
22.7%€0.36€0.14€0.07614
May ’24€0.16
€0.24
+49.2%
23.0%€0.35€0.14€0.0714
Apr ’24€0.17
€0.26
+47.8%
21.3%€0.35€0.14€0.05913
Mar ’24€0.19
€0.30
+57.3%
19.1%€0.41€0.17€0.06813
Feb ’24€0.20
€0.30
+44.9%
21.2%€0.39€0.16€0.06612
Jan ’24€0.19
€0.31
+61.3%
22.4%€0.41€0.16€0.09312
Dec ’23€0.21
€0.31
+43.4%
23.4%€0.42€0.16€0.09313

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 06:38
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Jinmao Holdings Group Limited is covered by 47 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yiu Kei TungABCI Securities Company Limited
Wee Liat LeeBNP Paribas Securities (Asia)
Kay Chung TseBOCOM International Securities Limited