China Oceanwide Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As HRH barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for HRH. This is calculated by dividing HRH's market cap by their current book value.
What is HRH's PB Ratio?
PB Ratio	0.7x
Book	HK$584.31m
Market Cap	HK$403.57m

HRH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3826721.3x
Enterprise Value/EBITDA	-4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does HRH's PB Ratio compare to its peers?

The above table shows the PB ratio for HRH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	0.7x
ADJ Adler Group	0.02x	n/a	€49.1m
FFM1 Franconofurt	0.9x	n/a	€37.8m
SMWN SM Wirtschaftsberatungs	1.6x	n/a	€22.7m
DMRE DEMIRE Deutsche Mittelstand Real Estate	0.3x	113.2%	€84.4m
HRH China Oceanwide Holdings	0.7x	n/a	€403.6m

Price-To-Book vs Peers: HRH is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (1x).

Price to Book Ratio vs Industry

How does HRH's PB Ratio compare vs other companies in the DE Real Estate Industry?

7 Companies	Price / Book	Estimated Growth	Market Cap
ZYW China Properties Group	0.06x	n/a	US$71.59m
ADJ Adler Group	0.02x	n/a	US$51.63m
A4Y ACCENTRO Real Estate	0.06x	62.9%	US$11.19m
PBY Publity	0.05x	n/a	US$10.21m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: HRH is good value based on its Price-To-Book Ratio (0.7x) compared to the German Real Estate industry average (0.7x).

Price to Book Ratio vs Fair Ratio

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

HRH PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.7x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HRH's Price-To-Book Fair Ratio for valuation analysis.

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.