How does 1821's PS Ratio compare to its peers?

1821 is expensive based on its Price-To-Sales Ratio (9.6x) compared to the peer average (1.8x).

How does 1821's PS Ratio compare vs other companies in the HK Real Estate Industry?

1821 is expensive based on its Price-To-Sales Ratio (9.6x) compared to the Hong Kong Real Estate industry average (0.6x).

What is 1821'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.

1821 is expensive based on its Price-To-Sales Ratio (9.6x) compared to the estimated Fair Price-To-Sales Ratio (6x).

What is the Fair Price of 1821 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

1821 (HK$10.74) is trading below our estimate of [[fair value]] (HK$16)

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

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

ESR Group (SHSC:1821) - Stock Price, News & Analysis

1821 Stock Overview

Engages in the logistics real estate development, leasing, and management activities in Hong Kong, China, Japan, South Korea, Australia, New Zealand, Southeast Asia, India, Europe, and internationally.

About the company

1821 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 32.9% below our estimate of its fair value

Earnings are forecast to grow 105.68% per year

Risk Analysis

Interest payments are not well covered by earnings

ESR Group Limited Competitors

Wharf (Holdings)

SEHK:4

HK$68.9b

Kerry Properties

SEHK:683

HK$24.1b

New World Development

SEHK:17

HK$19.8b

Great Eagle Holdings

SEHK:41

HK$8.5b

Price History & Performance

Summary of all time highs, changes and price drops for ESR Group
Historical stock prices
Current Share Price	HK$10.96
52 Week High	HK$13.16
52 Week Low	HK$7.18
Beta	0.67
11 Month Change	-9.87%
3 Month Change	-2.66%
1 Year Change	4.78%
33 Year Change	-57.27%
5 Year Change	n/a
Change since IPO	-56.07%

Recent updates

Shareholder Returns

	1821	HK Real Estate	HK Market
7D	1.7%	2.4%	-1.0%
1Y	4.8%	-3.9%	15.0%

Return vs Industry: 1821 exceeded the Hong Kong Real Estate industry which returned -3.9% over the past year.

Return vs Market: 1821 underperformed the Hong Kong Market which returned 15% over the past year.

Price Volatility

Is 1821's price volatile compared to industry and market?
1821 volatility
1821 Average Weekly Movement	4.3%
Real Estate Industry Average Movement	10.0%
Market Average Movement	9.0%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 1821 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1821's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	2,231	Stuart Gibson	www.esr.com

ESR Group Limited, together with its subsidiaries, engages in the logistics real estate development, leasing, and management activities in Hong Kong, China, Japan, South Korea, Australia, New Zealand, Southeast Asia, India, Europe, and internationally. The company operates through three segments: Investment, Fund Management, and New Economy Development. It also invests in properties, as well as co-invests in funds, vehicles, REITs, and other investments.

ESR Group Limited Fundamentals Summary

How do ESR Group's earnings and revenue compare to its market cap?
1821 fundamental statistics
Market cap	HK$46.53b
Earnings (TTM)	-HK$2.36b
Revenue (TTM)	HK$4.84b

9.6x

P/S Ratio

-19.7x

P/E Ratio

Is 1821 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1821 income statement (TTM)
Revenue	US$622.38m
Cost of Revenue	US$74.31m
Gross Profit	US$548.08m
Other Expenses	US$852.09m
Earnings	-US$304.01m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.072
Gross Margin	88.06%
Net Profit Margin	-48.85%
Debt/Equity Ratio	76.6%

How did 1821 perform over the long term?

See historical performance and comparison

1821 Stock Overview

Rewards

Risk Analysis

ESR Group Limited Competitors

SEHK:4

HK$68.9b

SEHK:683

HK$24.1b

SEHK:17

HK$19.8b

SEHK:41

HK$8.5b

Price History & Performance

Recent News & Updates

ESR Group Limited Announces Resignation of Jingsheng Liu as Non-Executive Director and A Member of the Nomination Committee

ESR Group Limited Announces Change of Chairman of the Board of Directors, Effective 2 September 2024

ESR Group Limited to Report First Half, 2024 Results on Aug 21, 2024

New minor risk - Share price stability

ESR Group Limited Announces Directorate Changes

Upcoming dividend of HK$0.13 per share

Recent updates

ESR Group Limited Announces Resignation of Jingsheng Liu as Non-Executive Director and A Member of the Nomination Committee

ESR Group Limited Announces Change of Chairman of the Board of Directors, Effective 2 September 2024

ESR Group Limited to Report First Half, 2024 Results on Aug 21, 2024

New minor risk - Share price stability

ESR Group Limited Announces Directorate Changes

Upcoming dividend of HK$0.13 per share

Investor sentiment improves as stock rises 28%

ESR Reportedly Progresses in Privatization Talks Led by Warburg Pincus

New minor risk - Earnings quality

ESR Group Limited, Annual General Meeting, May 31, 2024

New minor risk - Profit margin trend

ESR Group Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 28 June 2024

Investor sentiment deteriorates as stock falls 22%

ESR Group Limited to Report Fiscal Year 2023 Results on Mar 21, 2024

ESR Group Limited Announces Appointment of Joanne Sarah McNamara as Non-Executive Director, Effective 1 January 2024

New minor risk - Profit margin trend

Upcoming dividend of HK$0.13 per share at 2.1% yield

ESR Group Limited Declares Interim Dividend for the Financial Year Ending 31 December 2023, Payable on 29 September 2023

ESR Group Limited to Report First Half, 2023 Results on Aug 23, 2023

Paceline Equity Partners, LLC and ESR Group acquired Renaissance Dallas at Plano Legacy West Hotel from SAM Moon Trading, Inc.

ESR Group Limited Announces Retirement of Wei Hu as A Non-Executive Director

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.13 per share at 1.9% yield

Insider recently bought HK$54k worth of stock

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought HK$2.4m worth of stock

Investor sentiment deteriorated over the past week

UBS Group AG on behalf of its clients acquired 13-storey office block from ESR Group Limited (SEHK:1821) and Partners Group Holding AG (SWX:PGHN).

Insider recently bought HK$56k worth of stock

Now 21% undervalued

ESR Group Limited Announces Change of Chief Financial Officer

ESR Group Limited Declares Maiden Interim Dividend for the Year Ending December 31, 2022, Payable on September 30, 2022

ESR Group Limited to Report First Half, 2022 Results on Aug 25, 2022

ESR Group Limited (SEHK:1821) acquired additional 25% stake in ESR Funds Management (S) Limited from Shanghai Summit Pte Ltd.

ESR Group Limited Board Establishes Dividend Policy

EG Phoenix IX Limited entered into the SPA to acquire 100% issued shares in ABM Capital Limited from ESR Group Limited (SEHK:1821) for approximately CNY 390 million.

EG Phoenix IX Limited entered into the SPA to acquire 100% issued shares in ABM Capital Limited from ESR Group Limited (SEHK:1821) for approximately CNY 390 million.

ESR Cayman Limited Announces Board Changes

ESR Cayman Limited Appoints Wei-Lin Kwee as an Independent Non-Executive Director

An unknown buyer agreed to acquire 18.16% stake in China Logistics Property Holdings Co., Ltd (SEHK:1589) from ESR Cayman Limited (SEHK:1821) for HKD 2.7 billion.

Now 20% undervalued after recent price drop

ESR Cayman Limited Announces Appointment of Ms. Serene Siew Noi Nah as Independent Non-Executive Directorx

Now 20% undervalued after recent price drop

ESR Cayman Limited (SEHK:1821) and an unknown investor acquired Portfolio of 11 logistics properties in China.

ESR Cayman Limited (SEHK:1821) (ESR) completed the acquisition of ARA Asset Management Limited (ARA) from a group of investors.

Independent Non-Executive Director recently bought HK$466k worth of stock

GIC Pte. Ltd. and ESR Cayman Limited (SEHK:1821) completed the acquisition of Australian logistics property portfolio from The Blackstone Group Inc. (NYSE:BX).

Shareholder Returns

Price Volatility

About the Company

ESR Group Limited Fundamentals Summary

9.6x

-19.7x

Earnings & Revenue