China Resources Land Limited

SEHK:1109 Stock Report

Market Cap: HK$198.2b

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$27.8) is trading below our estimate of fair value (HK$64.13)

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?

Other financial metrics that can be useful for relative valuation.

1109 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/Revenue2x
Enterprise Value/EBITDA9.9x
PEG Ratio1.4x

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 Average7.5x
12 Henderson Land Development
12.4x11.9%HK$115.0b
688 China Overseas Land & Investment
5.5x4.2%HK$152.8b
1113 CK Asset Holdings
6.8x4.6%HK$117.3b
960 Longfor Group Holdings
5.4x5.8%HK$74.4b
1109 China Resources Land
5.9x4.0%HK$198.2b

Price-To-Earnings vs Peers: 1109 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (7.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 1109 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Hong Kong Real Estate industry average (6.7x).


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 Ratio5.9x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: 1109 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).


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$27.80
HK$38.96
+40.1%
10.8%HK$46.50HK$31.00n/a20
Apr ’25HK$24.75
HK$39.20
+58.4%
10.8%HK$46.50HK$31.00n/a21
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$39.79n/a21
Nov ’24HK$29.10
HK$45.19
+55.3%
6.4%HK$52.40HK$40.24n/a21
Oct ’24HK$31.20
HK$45.22
+44.9%
6.2%HK$52.40HK$40.24n/a22
Sep ’24HK$33.15
HK$45.42
+37.0%
6.2%HK$52.40HK$40.24n/a23
Aug ’24HK$35.45
HK$45.85
+29.3%
5.9%HK$52.40HK$40.24n/a23
Jul ’24HK$33.20
HK$45.85
+38.1%
5.6%HK$52.40HK$42.10n/a23
Jun ’24HK$29.05
HK$46.09
+58.7%
5.8%HK$52.40HK$42.10n/a23
May ’24HK$36.40
HK$46.09
+26.6%
5.8%HK$52.40HK$42.10n/a23
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
Nov ’23HK$25.40
HK$45.00
+77.2%
8.8%HK$56.76HK$37.80HK$29.1025
Oct ’23HK$30.90
HK$45.32
+46.7%
8.0%HK$56.76HK$39.00HK$31.2025
Sep ’23HK$32.35
HK$46.99
+45.3%
12.4%HK$68.00HK$39.00HK$33.1526
Aug ’23HK$32.35
HK$47.58
+47.1%
12.0%HK$68.00HK$34.84HK$35.4527
Jul ’23HK$36.60
HK$47.43
+29.6%
12.6%HK$68.00HK$34.84HK$33.2028
Jun ’23HK$35.65
HK$47.50
+33.2%
12.8%HK$68.00HK$34.84HK$29.0527
May ’23HK$35.30
HK$47.61
+34.9%
12.7%HK$68.00HK$34.84HK$36.4027
Apr ’23HK$37.30
HK$47.00
+26.0%
12.8%HK$68.00HK$34.84HK$35.8026

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


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