China Resources Land Limited

SEHK:1109 Stock Report

Market Cap: HK$169.4b

China Resources Land Valuation

Is 1109 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 1109 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1109 (HK$23.75) is trading below our estimate of fair value (HK$54.1)

Significantly Below Fair Value: 1109 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1109?

Key metric: As 1109 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1109. This is calculated by dividing 1109's market cap by their current earnings.
What is 1109's PE Ratio?
PE Ratio5.7x
EarningsCN¥27.88b
Market CapCN¥158.26b

Price to Earnings Ratio vs Peers

How does 1109's PE Ratio compare to its peers?

The above table shows the PE ratio for 1109 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.8x
12 Henderson Land Development
18.7x17.3%HK$121.3b
688 China Overseas Land & Investment
6.3x5.7%HK$151.0b
1113 CK Asset Holdings
7.3x1.3%HK$113.6b
960 Longfor Group Holdings
6.8x4.5%HK$77.1b
1109 China Resources Land
5.7x4.6%HK$169.4b

Price-To-Earnings vs Peers: 1109 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does 1109's PE Ratio compare vs other companies in the HK Real Estate Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29 Dynamic Holdings
0.3xn/aUS$238.31m
2768 Jiayuan International Group
1.4x31.6%US$151.18m
3883 China Aoyuan Group
0.06xn/aUS$126.29m
2117 Datang Group Holdings
1.2xn/aUS$87.18m
1109 5.7xIndustry Avg. 7.3xNo. of Companies15PE0612182430+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1109 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Hong Kong Real Estate industry average (7.3x).


Price to Earnings Ratio vs Fair Ratio

What is 1109'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.

1109 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio12.7x

Price-To-Earnings vs Fair Ratio: 1109 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.7x).


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 1109 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$23.75
HK$34.41
+44.9%
13.4%HK$45.10HK$28.00n/a21
Dec ’25HK$23.00
HK$34.66
+50.7%
13.4%HK$45.10HK$28.00n/a21
Nov ’25HK$26.75
HK$34.76
+29.9%
13.5%HK$45.10HK$28.00n/a21
Oct ’25HK$28.65
HK$33.46
+16.8%
14.3%HK$45.10HK$28.00n/a21
Sep ’25HK$22.15
HK$33.18
+49.8%
14.5%HK$45.10HK$28.00n/a21
Aug ’25HK$22.65
HK$37.63
+66.1%
10.2%HK$45.10HK$31.00n/a21
Jul ’25HK$26.55
HK$39.29
+48.0%
10.4%HK$46.50HK$31.00n/a21
Jun ’25HK$28.40
HK$39.30
+38.4%
10.4%HK$46.50HK$31.00n/a21
May ’25HK$28.45
HK$39.12
+37.5%
10.7%HK$46.50HK$31.00n/a21
Apr ’25HK$24.75
HK$39.35
+59.0%
10.7%HK$46.50HK$31.00n/a22
Mar ’25HK$23.85
HK$41.30
+73.2%
9.6%HK$49.60HK$32.88n/a21
Feb ’25HK$23.25
HK$42.69
+83.6%
9.4%HK$52.40HK$32.88n/a21
Jan ’25HK$28.00
HK$44.46
+58.8%
7.0%HK$52.40HK$39.00n/a21
Dec ’24HK$27.95
HK$45.17
+61.6%
6.5%HK$52.40HK$39.79HK$23.0021
Nov ’24HK$29.10
HK$45.19
+55.3%
6.4%HK$52.40HK$40.24HK$26.7521
Oct ’24HK$31.20
HK$45.22
+44.9%
6.2%HK$52.40HK$40.24HK$28.6522
Sep ’24HK$33.15
HK$45.42
+37.0%
6.2%HK$52.40HK$40.24HK$22.1523
Aug ’24HK$35.45
HK$45.85
+29.3%
5.9%HK$52.40HK$40.24HK$22.6523
Jul ’24HK$33.20
HK$45.85
+38.1%
5.6%HK$52.40HK$42.10HK$26.5523
Jun ’24HK$29.05
HK$46.09
+58.7%
5.8%HK$52.40HK$42.10HK$28.4023
May ’24HK$36.40
HK$46.09
+26.6%
5.8%HK$52.40HK$42.10HK$28.4523
Apr ’24HK$35.80
HK$46.00
+28.5%
5.7%HK$52.40HK$42.10HK$24.7523
Mar ’24HK$35.70
HK$45.54
+27.6%
5.0%HK$49.72HK$41.60HK$23.8522
Feb ’24HK$38.20
HK$45.29
+18.6%
4.8%HK$49.60HK$41.60HK$23.2521
Jan ’24HK$35.75
HK$45.21
+26.5%
5.6%HK$49.60HK$40.00HK$28.0021
Dec ’23HK$33.90
HK$44.66
+31.7%
6.1%HK$49.60HK$39.00HK$27.9523

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies