Lai Sun Development Company Limited

SEHK:488 Stock Report

Market Cap: HK$1.1b

Lai Sun Development Valuation

Is 488 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 488 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 488's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 488's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 488?

Key metric: As 488 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 488. This is calculated by dividing 488's market cap by their current revenue.
What is 488's PS Ratio?
PS Ratio0.2x
SalesHK$6.00b
Market CapHK$1.06b

Price to Sales Ratio vs Peers

How does 488's PS Ratio compare to its peers?

The above table shows the PS ratio for 488 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.2x
480 HKR International
0.8x44.8%HK$1.3b
163 Emperor International Holdings
0.7xn/aHK$1.3b
242 Shun Tak Holdings
0.4x-1.8%HK$1.9b
88 Tai Cheung Holdings
15.1x52.2%HK$1.8b
488 Lai Sun Development
0.2xn/aHK$1.1b

Price-To-Sales vs Peers: 488 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (4.2x).


Price to Sales Ratio vs Industry

How does 488's PS Ratio compare vs other companies in the HK Real Estate Industry?

89 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.0.6x4.7%
488 Lai Sun Development
0.2xn/aUS$136.28m
1908 C&D International Investment Group
0.2x3.1%US$3.29b
3900 Greentown China Holdings
0.1x-0.4%US$2.97b
488 0.2xIndustry Avg. 0.6xNo. of Companies89PS00.81.62.43.24+
89 CompaniesEstimated GrowthMarket Cap
Industry Avg.0.6x21.1%
488 Lai Sun Development
0.2xn/aUS$136.28m
No more companies

Price-To-Sales vs Industry: 488 is good value based on its Price-To-Sales Ratio (0.2x) compared to the Hong Kong Real Estate industry average (0.6x).


Price to Sales Ratio vs Fair Ratio

What is 488'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.

488 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 488'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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