Onewo Inc.

SHSC:2602 Stock Report

Market Cap: HK$25.2b

Onewo Valuation

Is 2602 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 2602 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2602 (HK$21.65) is trading above our estimate of fair value (HK$3.54)

Significantly Below Fair Value: 2602 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2602?

Key metric: As 2602 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2602. This is calculated by dividing 2602's market cap by their current earnings.
What is 2602's PE Ratio?
PE Ratio13.6x
EarningsCN¥1.73b
Market CapCN¥23.47b

Price to Earnings Ratio vs Peers

How does 2602's PE Ratio compare to its peers?

The above table shows the PE ratio for 2602 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
101 Hang Lung Properties
11.2x13.2%HK$29.6b
6049 Poly Property Services
10.7x10.3%HK$16.9b
10 Hang Lung Group
6.7xn/aHK$13.5b
2869 Greentown Service Group
15.7x13.8%HK$11.7b
2602 Onewo
13.6x13.6%HK$25.2b

Price-To-Earnings vs Peers: 2602 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

How does 2602's PE Ratio compare vs other companies in the HK Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
29 Dynamic Holdings
0.3xn/aUS$226.58m
2768 Jiayuan International Group
1.4x31.6%US$151.18m
3883 China Aoyuan Group
0.06xn/aUS$138.60m
2117 Datang Group Holdings
1.2xn/aUS$87.18m
2602 13.6xIndustry Avg. 7.2xNo. of Companies15PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2602 is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the Hong Kong Real Estate industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is 2602'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.

2602 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2602'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?

The above table shows the analyst 2602 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$21.65
HK$24.23
+11.9%
26.8%HK$39.42HK$17.80n/a10
Nov ’25HK$23.00
HK$24.59
+6.9%
26.8%HK$40.00HK$18.06n/a10
Oct ’25HK$25.80
HK$24.10
-6.6%
26.6%HK$40.64HK$18.34n/a10
Sep ’25n/a
HK$23.34
0%
24.0%HK$40.32HK$18.20n/a11
Aug ’25n/a
HK$28.87
0%
25.2%HK$44.20HK$17.82n/a11
Jul ’25n/a
HK$29.60
0%
23.1%HK$43.49HK$17.84n/a11
Jun ’25n/a
HK$29.01
0%
23.9%HK$43.49HK$17.84n/a11
May ’25n/a
HK$28.29
0%
24.1%HK$43.64HK$17.90n/a11
Apr ’25n/a
HK$31.31
0%
20.1%HK$43.67HK$25.01n/a12
Mar ’25n/a
HK$38.03
0%
19.8%HK$54.19HK$27.11n/a13
Feb ’25n/a
HK$38.20
0%
18.6%HK$53.89HK$26.96n/a13
Jan ’25n/a
HK$40.88
0%
15.9%HK$54.19HK$27.11n/a13
Dec ’24n/a
HK$40.53
0%
15.3%HK$54.04HK$32.39n/a13
Nov ’24n/a
HK$39.80
0%
15.1%HK$53.00HK$31.80HK$23.0013
Oct ’24n/a
HK$41.38
0%
12.8%HK$52.86HK$31.92HK$25.8012
Sep ’24n/a
HK$45.09
0%
16.3%HK$66.10HK$38.04n/a12
Aug ’24n/a
HK$48.43
0%
18.5%HK$66.98HK$37.66n/a12
Jul ’24n/a
HK$48.92
0%
17.2%HK$67.35HK$37.87n/a12
Jun ’24n/a
HK$49.71
0%
16.7%HK$67.70HK$38.07n/a11
May ’24n/a
HK$51.38
0%
16.9%HK$69.86HK$39.28n/a11
Apr ’24n/a
HK$53.01
0%
16.0%HK$70.11HK$39.42n/a11
Mar ’24n/a
HK$61.05
0%
15.1%HK$70.72HK$35.75n/a11
Feb ’24n/a
HK$61.33
0%
17.2%HK$72.21HK$36.50n/a9
Jan ’24n/a
HK$61.06
0%
21.3%HK$85.84HK$35.73n/a9
Dec ’23n/a
HK$56.54
0%
22.4%HK$82.82HK$34.47n/a8
Nov ’23n/a
HK$58.75
0%
24.7%HK$82.80HK$38.00n/a5

Analyst Forecast: Target price is less than 20% higher than the current share price.

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