Centurion Corporation Limited

SEHK:6090 Stock Report

Market Cap: HK$1.9b

Centurion Valuation

Is 6090 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 6090 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6090 (HK$2.2) is trading below our estimate of fair value (HK$10.41)

Significantly Below Fair Value: 6090 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6090?

Key metric: As 6090 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6090. This is calculated by dividing 6090's market cap by their current earnings.
What is 6090's PE Ratio?
PE Ratio4.3x
EarningsS$76.83m
Market CapS$332.11m

Price to Earnings Ratio vs Peers

How does 6090's PE Ratio compare to its peers?

The above table shows the PE ratio for 6090 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.7x
3658 New Hope Service Holdings
6.7x11.1%HK$1.5b
6989 Excellence Commercial Property & Facilities Management Group
4.7xn/aHK$1.6b
816 Jinmao Property Services
5.9x11.4%HK$2.3b
1755 S-Enjoy Service Group
5.4x7.5%HK$2.6b
6090 Centurion
4.3x2.6%HK$332.1m

Price-To-Earnings vs Peers: 6090 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (6.2x).

Price to Earnings Ratio vs Industry

How does 6090's PE Ratio compare vs other companies in the HK Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29 Dynamic Holdings
0.3xn/aUS$226.65m
2768 Jiayuan International Group
1.4x31.6%US$151.18m
3883 China Aoyuan Group
0.06xn/aUS$138.64m
2117 Datang Group Holdings
1.2xn/aUS$87.18m
6090 4.3xIndustry Avg. 7.2xNo. of Companies14PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6090 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the Hong Kong Real Estate industry average (7x).

Price to Earnings Ratio vs Fair Ratio

What is 6090'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.

6090 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio5.1x

Price-To-Earnings vs Fair Ratio: 6090 is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).

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 6090 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Nov ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Oct ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Sep ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Aug ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Jul ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Jun ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
May ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Apr ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Mar ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Feb ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Jan ’25n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Dec ’24n/a
HK$3.26
0%
8.0%HK$3.54HK$2.86n/a4
Nov ’24HK$2.20
HK$3.26
+48.0%
8.0%HK$3.54HK$2.86n/a4
Oct ’24HK$2.31
HK$3.31
+43.2%
9.2%HK$3.58HK$2.89n/a3
Sep ’24HK$2.42
HK$3.31
+36.7%
9.2%HK$3.58HK$2.89n/a3
Aug ’24HK$2.64
HK$2.99
+13.1%
12.1%HK$3.42HK$2.53n/a3
Jul ’24HK$2.16
HK$2.73
+26.4%
8.5%HK$2.96HK$2.50n/a2
Jun ’24HK$1.98
HK$2.73
+37.9%
8.5%HK$2.96HK$2.50n/a2
May ’24HK$1.98
HK$2.77
+39.7%
8.5%HK$3.00HK$2.53n/a2
Mar ’24HK$2.10
HK$2.68
+27.7%
6.2%HK$2.85HK$2.51n/a2
Feb ’24HK$2.10
HK$2.68
+27.7%
6.2%HK$2.85HK$2.51n/a2
Jan ’24HK$1.90
HK$2.68
+41.1%
6.2%HK$2.85HK$2.51n/a2
Dec ’23HK$1.91
HK$2.68
+40.4%
6.2%HK$2.85HK$2.51n/a2
Nov ’23HK$1.87
HK$2.68
+43.4%
6.2%HK$2.85HK$2.51HK$2.202

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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