Yuexiu Property Company Limited

SEHK:123 Stock Report

Market Cap: HK$20.6b

Yuexiu Property Valuation

Is 123 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: 123 (HK$5.11) is trading below our estimate of fair value (HK$278.66)

Significantly Below Fair Value: 123 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 123?

Key metric: As 123 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 123. This is calculated by dividing 123's market cap by their current earnings.
What is 123's PE Ratio?
PE Ratio6.8x
EarningsCN¥2.84b
Market CapCN¥19.32b

Price to Earnings Ratio vs Peers

How does 123's PE Ratio compare to its peers?

The above table shows the PE ratio for 123 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.3x
3900 Greentown China Holdings
8.3x5.9%HK$23.0b
1908 C&D International Investment Group
6x11.1%HK$24.9b
754 Hopson Development Holdings
130.1xn/aHK$12.0b
119 Poly Property Group
4.6x-2.1%HK$5.8b
123 Yuexiu Property
6.8x9.2%HK$20.6b

Price-To-Earnings vs Peers: 123 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the peer average (37.3x).

Price to Earnings Ratio vs Industry

How does 123's PE Ratio compare vs other companies in the HK Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29 Dynamic Holdings
0.4xn/aUS$302.17m
2768 Jiayuan International Group
1.4x31.6%US$151.18m
3883 China Aoyuan Group
0.05xn/aUS$115.02m
2117 Datang Group Holdings
1.2xn/aUS$87.18m
123 6.8xIndustry Avg. 6.9xNo. of Companies15PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 123 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the Hong Kong Real Estate industry average (6.9x).

Price to Earnings Ratio vs Fair Ratio

What is 123'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.

123 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.8x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: 123 is good value based on its Price-To-Earnings Ratio (6.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).

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 123 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$5.11
HK$6.67
+30.5%
25.2%HK$9.86HK$4.08n/a12
Dec ’25HK$5.66
HK$6.72
+18.7%
25.1%HK$9.96HK$4.13n/a13
Nov ’25HK$6.57
HK$6.75
+2.7%
25.6%HK$10.14HK$4.20n/a13
Oct ’25HK$6.36
HK$6.31
-0.7%
25.1%HK$10.25HK$4.25n/a13
Sep ’25HK$4.08
HK$6.20
+51.9%
24.6%HK$10.18HK$4.22n/a12
Aug ’25HK$4.55
HK$8.16
+79.4%
18.4%HK$11.03HK$5.27n/a13
Jul ’25HK$5.10
HK$8.18
+60.4%
18.0%HK$11.00HK$5.25n/a13
Jun ’25HK$5.67
HK$8.24
+45.3%
21.4%HK$11.64HK$5.28n/a13
May ’25HK$4.70
HK$8.12
+72.7%
22.5%HK$11.67HK$5.29n/a12
Apr ’25HK$4.31
HK$8.68
+101.3%
30.2%HK$15.39HK$5.29n/a13
Mar ’25HK$5.15
HK$10.28
+99.6%
20.3%HK$15.46HK$7.44n/a13
Feb ’25HK$4.84
HK$10.34
+113.6%
20.3%HK$15.55HK$7.48n/a13
Jan ’25HK$6.36
HK$12.14
+90.8%
13.7%HK$15.64HK$8.03n/a14
Dec ’24HK$7.05
HK$12.48
+77.0%
9.9%HK$15.50HK$11.14HK$5.6614
Nov ’24HK$8.08
HK$12.26
+51.7%
9.8%HK$15.21HK$10.94HK$6.5714
Oct ’24HK$9.03
HK$12.32
+36.4%
9.5%HK$15.30HK$11.00HK$6.3615
Sep ’24HK$9.72
HK$12.34
+26.9%
9.5%HK$15.32HK$11.01HK$4.0815
Aug ’24HK$10.46
HK$13.08
+25.1%
9.4%HK$15.79HK$11.54HK$4.5515
Jul ’24HK$9.11
HK$12.96
+42.2%
9.5%HK$15.66HK$11.42HK$5.1015
Jun ’24HK$7.97
HK$13.32
+67.1%
8.9%HK$15.99HK$11.82HK$5.6715
May ’24HK$11.32
HK$13.71
+21.1%
9.1%HK$16.44HK$12.15HK$4.7015
Apr ’24HK$11.84
HK$13.76
+16.3%
7.3%HK$16.53HK$12.87HK$4.3114
Mar ’24HK$12.44
HK$12.40
-0.3%
13.1%HK$15.18HK$10.30HK$5.1513
Feb ’24HK$11.44
HK$11.96
+4.5%
10.6%HK$13.82HK$10.50HK$4.8410
Jan ’24HK$9.45
HK$11.13
+17.7%
10.1%HK$13.59HK$10.16HK$6.3611
Dec ’23HK$9.69
HK$10.60
+9.4%
8.6%HK$13.17HK$9.84HK$7.0511

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 21:59
End of Day Share Price 2024/12/20 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

Yuexiu Property Company Limited is covered by 35 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yusheng LiuBOCI Research Ltd.
Toni HoBOCOM International Securities Limited
Eric DuBofA Global Research