Million Cities Holdings Limited

SEHK:2892 Stock Report

Market Cap: HK$210.0m

Million Cities Holdings Valuation

Is 2892 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 2892 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2892's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2892's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2892?

Key metric: As 2892 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2892. This is calculated by dividing 2892's market cap by their current revenue.
What is 2892's PS Ratio?
PS Ratio0.5x
SalesCN¥360.09m
Market CapCN¥195.36m

Price to Sales Ratio vs Peers

How does 2892's PS Ratio compare to its peers?

The above table shows the PS ratio for 2892 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
2286 Chen Xing Development Holdings
0.1xn/aHK$177.0m
1570 Weiye Holdings
0.8xn/aHK$264.8m
313 Richly Field China Development
7.3xn/aHK$233.4m
1218 Easyknit International Holdings
0.6xn/aHK$140.6m
2892 Million Cities Holdings
0.5xn/aHK$210.0m

Price-To-Sales vs Peers: 2892 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 2892's PS Ratio compare vs other companies in the HK Real Estate Industry?

90 CompaniesPrice / SalesEstimated GrowthMarket Cap
1908 C&D International Investment Group
0.2x3.1%US$3.37b
3900 Greentown China Holdings
0.2x-0.4%US$3.02b
1918 Sunac China Holdings
0.2x-14.2%US$2.80b
817 China Jinmao Holdings Group
0.2x-1.0%US$1.82b
2892 0.5xIndustry Avg. 0.6xNo. of Companies90PS00.81.62.43.24+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2892 is good value based on its Price-To-Sales Ratio (0.5x) compared to the Hong Kong Real Estate industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 2892'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.

2892 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2892's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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