Shimao Group Holdings Limited

DB:QHI Stock Report

Market Cap: €485.9m

Shimao Group Holdings Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for QHI. This is calculated by dividing QHI's market cap by their current revenue.
What is QHI's PS Ratio?
PS Ratio0.06x
SalesCN¥58.26b
Market CapCN¥3.67b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for QHI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
INS Instone Real Estate Group
0.8x17.3%€365.6m
CRZK CR Energy
8x39.0%€121.8m
ZYW China Properties Group
3.1xn/a€66.9m
2GI GIEAG Immobilien
0.9xn/a€14.0m
QHI Shimao Group Holdings
0.06x-24.4%€3.9b

Price-To-Sales vs Peers: QHI is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

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

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.3.7x-11.1%
QHI Shimao Group Holdings
 0.06x-24.4%US$506.03m
DMRE DEMIRE Deutsche Mittelstand Real Estate
0.5x-42.0%US$88.43m
ADJ Adler Group
0.1xn/aUS$50.23m
QHI 0.1xIndustry Avg. 3.7xNo. of Companies10PS02.85.68.411.214+
11 CompaniesEstimated GrowthMarket Cap
Industry Avg.3.7x97.9%
QHI Shimao Group Holdings
 0.06x72.6%US$506.03m
No more companies

Price-To-Sales vs Industry: QHI is good value based on its Price-To-Sales Ratio (0.1x) compared to the German Real Estate industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is QHI'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.

QHI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.06x
Fair PS Ratio0.04x

Price-To-Sales vs Fair Ratio: QHI is expensive based on its Price-To-Sales Ratio (0.1x) compared to the estimated Fair Price-To-Sales Ratio (0x).

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 QHI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.12
€0.081
-33.6%
63.8%€0.13€0.029n/a2
Nov ’25€0.14
€0.081
-42.9%
63.8%€0.13€0.029n/a2
Oct ’25€0.12
€0.081
-31.9%
63.8%€0.13€0.029n/a2
Sep ’25€0.068
€0.041
-39.4%
20.5%€0.047€0.029n/a3
Aug ’25€0.09
€0.042
-53.7%
20.2%€0.048€0.03n/a3
Jul ’25€0.079
€0.042
-47.3%
20.2%€0.048€0.03n/a3
Jun ’25€0.11
€0.042
-62.5%
20.2%€0.048€0.03n/a3
May ’25€0.056
€0.042
-24.9%
20.2%€0.048€0.03n/a3
Apr ’25€0.051
€0.064
+24.6%
22.6%€0.083€0.047n/a4
Mar ’25€0.062
€0.065
+5.3%
20.8%€0.084€0.048n/a4
Feb ’25€0.05
€0.065
+30.7%
20.9%€0.084€0.047n/a4
Jan ’25€0.066
€0.071
+7.8%
13.6%€0.083€0.059n/a3
Dec ’24€0.072
€0.078
+8.3%
17.4%€0.096€0.06n/a4
Nov ’24€0.065
€0.078
+21.7%
17.4%€0.097€0.06€0.144
Oct ’24€0.086
€0.08
-6.5%
18.9%€0.096€0.06€0.123
Sep ’24€0.066
€0.40
+504.8%
51.6%€0.57€0.11€0.0683
Aug ’24€0.12
€0.40
+227.7%
44.8%€0.57€0.11€0.094
Jul ’24n/a
€0.51
0%
15.2%€0.59€0.41€0.0793
Jun ’24n/a
€0.51
0%
15.2%€0.59€0.41€0.113
May ’24n/a
€0.55
0%
14.5%€0.63€0.41€0.0565
Apr ’24n/a
€0.61
0%
20.1%€0.82€0.42€0.0516
Mar ’24n/a
€0.61
0%
20.1%€0.82€0.42€0.0626
Feb ’24n/a
€0.64
0%
22.3%€0.85€0.42€0.057
Jan ’24n/a
€0.64
0%
22.8%€0.85€0.40€0.0667
Dec ’23n/a
€0.65
0%
22.1%€0.85€0.39€0.0728
Nov ’23n/a
€1.21
0%
111.0%€5.32€0.40€0.06511

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

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