Hysan Development Company Limited

DB:HYN Stock Report

Market Cap: €1.5b

Hysan Development Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 HYN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HYN (€1.45) is trading above our estimate of fair value (€0.55)

Significantly Below Fair Value: HYN is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HYN. This is calculated by dividing HYN's market cap by their current revenue.
What is HYN's PS Ratio?
PS Ratio3.8x
SalesHK$3.27b
Market CapHK$12.39b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HYN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.1x
DEQ Deutsche EuroShop
5x-0.2%€1.4b
GYC Grand City Properties
3.3x1.8%€2.0b
AT1 Aroundtown
2.1x2.3%€3.2b
ADL Adler Real Estate
2.1xn/a€980.4m
HYN Hysan Development
3.8x2.6%€12.4b

Price-To-Sales vs Peers: HYN is expensive based on its Price-To-Sales Ratio (3.8x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

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

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$86.91m
ADJ Adler Group
0.1xn/aUS$51.75m
NUVA Noratis
0.3x16.6%US$14.14m
AMMN Grounds Real Estate Development
0.6xn/aUS$10.03m
HYN 3.8xIndustry Avg. 3.3xNo. of Companies9PS02.44.87.29.612+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HYN is expensive based on its Price-To-Sales Ratio (3.8x) compared to the German Real Estate industry average (3.3x).

Price to Sales Ratio vs Fair Ratio

What is HYN'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.

HYN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.8x
Fair PS Ratio4.9x

Price-To-Sales vs Fair Ratio: HYN is good value based on its Price-To-Sales Ratio (3.8x) compared to the estimated Fair Price-To-Sales Ratio (4.9x).

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 HYN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.45
€1.79
+23.2%
14.0%€2.28€1.39n/a13
Dec ’25€1.53
€1.76
+15.3%
13.7%€2.24€1.36n/a13
Nov ’25€1.52
€1.73
+14.1%
14.2%€2.16€1.32n/a13
Oct ’25€1.52
€1.62
+6.8%
12.3%€2.08€1.30n/a13
Sep ’25€1.42
€1.60
+12.6%
12.3%€2.07€1.29n/a13
Aug ’25€1.23
€1.72
+40.0%
15.6%€2.13€1.30n/a13
Jul ’25€1.30
€1.92
+47.7%
16.1%€2.82€1.62n/a13
Jun ’25€1.39
€1.92
+38.2%
16.1%€2.82€1.62n/a13
May ’25€1.41
€1.95
+38.5%
16.0%€2.85€1.64n/a13
Apr ’25€1.44
€1.98
+37.6%
16.0%€2.81€1.62n/a13
Mar ’25€1.57
€1.98
+26.2%
16.0%€2.81€1.62n/a13
Feb ’25€1.53
€2.49
+62.5%
17.4%€3.30€2.09n/a12
Jan ’25€1.78
€2.82
+58.5%
13.9%€3.56€2.25n/a12
Dec ’24€1.68
€3.03
+80.4%
15.1%€4.11€2.36€1.5312
Nov ’24€1.71
€3.11
+81.8%
16.2%€4.24€2.19€1.5212
Oct ’24€1.82
€3.06
+68.1%
15.6%€4.17€2.16€1.5213
Sep ’24€1.85
€3.06
+65.2%
12.8%€4.08€2.59€1.4213
Aug ’24€2.14
€3.27
+52.8%
12.3%€4.05€2.57€1.2313
Jul ’24€2.24
€3.41
+52.1%
10.8%€4.09€2.70€1.3013
Jun ’24€2.36
€3.48
+47.5%
12.4%€4.15€2.39€1.3913
May ’24€2.52
€3.40
+35.0%
11.5%€4.01€2.31€1.4113
Apr ’24€2.58
€3.52
+36.4%
11.5%€4.16€2.39€1.4413
Mar ’24€3.00
€3.52
+17.3%
11.5%€4.16€2.39€1.5713
Feb ’24€3.04
€3.37
+10.7%
14.7%€4.11€2.35€1.5313
Jan ’24€3.00
€3.02
+0.5%
15.6%€3.77€2.39€1.7813
Dec ’23€2.56
€3.01
+17.4%
15.6%€3.75€2.37€1.6813

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/29 10:48
End of Day Share Price 2024/12/27 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

Hysan Development Company Limited is covered by 35 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kwok Yi LouieBarclays
Andrew LawrenceBarclays
C WongBNP Paribas Securities (Asia)