Everbright Grand China Assets Limited

SEHK:3699 Stock Report

Market Cap: HK$165.5m

Everbright Grand China Assets Valuation

Is 3699 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 3699 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3699 (HK$0.38) is trading below our estimate of fair value (HK$0.38)

Significantly Below Fair Value: 3699 is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3699?

Key metric: As 3699 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3699. This is calculated by dividing 3699's market cap by their current earnings.
What is 3699's PE Ratio?
PE Ratio8.9x
EarningsCN¥17.37m
Market CapCN¥154.11m

Price to Earnings Ratio vs Peers

How does 3699's PE Ratio compare to its peers?

The above table shows the PE ratio for 3699 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6x
2376 Lushang Life Services
4.7xn/aHK$200.0m
8426 Modern Living Investments Holdings
13.3xn/aHK$204.0m
9916 Xingye Wulian Service Group
3.1xn/aHK$144.0m
1538 Zhong Ao Home Group
3xn/aHK$269.2m
3699 Everbright Grand China Assets
8.9xn/aHK$165.5m

Price-To-Earnings vs Peers: 3699 is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (6x).


Price to Earnings Ratio vs Industry

How does 3699's PE Ratio compare vs other companies in the HK Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29 Dynamic Holdings
0.3xn/aUS$226.57m
2768 Jiayuan International Group
1.4x31.6%US$151.18m
3883 China Aoyuan Group
0.06xn/aUS$138.59m
2117 Datang Group Holdings
1.2xn/aUS$87.18m
3699 8.9xIndustry Avg. 7.5xNo. of Companies15PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3699 is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the Hong Kong Real Estate industry average (7.5x).


Price to Earnings Ratio vs Fair Ratio

What is 3699'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.

3699 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 3699's Price-To-Earnings 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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