Poly Property Services Co., Ltd.

SHSC:6049 Stock Report

Market Cap: HK$16.9b

Poly Property Services Valuation

Is 6049 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 6049 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6049 (HK$30.65) is trading below our estimate of fair value (HK$73.27)

Significantly Below Fair Value: 6049 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6049?

Key metric: As 6049 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 6049. This is calculated by dividing 6049's market cap by their current earnings.
What is 6049's PE Ratio?
PE Ratio10.7x
EarningsCN¥1.46b
Market CapCN¥15.69b

Price to Earnings Ratio vs Peers

How does 6049's PE Ratio compare to its peers?

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

Price-To-Earnings vs Peers: 6049 is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

How does 6049'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
6049 10.7xIndustry Avg. 7.2xNo. of Companies15PE0612182430+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 6049 is expensive based on its Price-To-Earnings Ratio (10.7x) compared to the Hong Kong Real Estate industry average (7.2x).

Price to Earnings Ratio vs Fair Ratio

What is 6049'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.

6049 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.7x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: 6049 is expensive based on its Price-To-Earnings Ratio (10.7x) compared to the estimated Fair Price-To-Earnings Ratio (10x).

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 6049 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$30.65
HK$38.09
+24.3%
18.9%HK$54.13HK$30.27n/a17
Nov ’25HK$32.50
HK$38.09
+17.2%
18.9%HK$54.13HK$30.27n/a17
Oct ’25HK$34.45
HK$38.43
+11.5%
18.9%HK$54.98HK$30.74n/a17
Sep ’25HK$25.75
HK$38.98
+51.4%
18.2%HK$54.31HK$30.46n/a17
Aug ’25HK$26.55
HK$40.59
+52.9%
18.2%HK$63.73HK$31.87n/a16
Jul ’25HK$28.90
HK$40.76
+41.0%
17.5%HK$63.11HK$31.80n/a16
Jun ’25HK$32.60
HK$40.52
+24.3%
17.8%HK$63.44HK$31.96n/a15
May ’25HK$32.00
HK$39.85
+24.5%
18.8%HK$63.52HK$32.00n/a15
Apr ’25HK$26.60
HK$42.20
+58.6%
19.6%HK$63.66HK$32.50n/a16
Mar ’25HK$27.70
HK$48.93
+76.7%
19.4%HK$67.08HK$29.80n/a16
Feb ’25HK$27.05
HK$49.11
+81.5%
19.4%HK$67.31HK$29.91n/a16
Jan ’25HK$28.80
HK$52.85
+83.5%
12.4%HK$68.10HK$41.64n/a16
Dec ’24HK$29.35
HK$53.01
+80.6%
12.1%HK$67.69HK$41.39n/a16
Nov ’24HK$30.05
HK$51.88
+72.6%
12.0%HK$66.18HK$41.30HK$32.5016
Oct ’24HK$31.65
HK$53.71
+69.7%
12.0%HK$67.08HK$43.59HK$34.4516
Sep ’24HK$36.45
HK$55.38
+51.9%
13.0%HK$68.16HK$43.94HK$25.7516
Aug ’24HK$41.25
HK$60.83
+47.5%
8.5%HK$68.61HK$53.63HK$26.5515
Jul ’24HK$37.95
HK$61.42
+61.9%
8.2%HK$68.58HK$53.61HK$28.9015
Jun ’24HK$36.15
HK$62.68
+73.4%
7.3%HK$69.80HK$54.76HK$32.6015
May ’24HK$48.35
HK$64.46
+33.3%
7.4%HK$71.94HK$56.43HK$32.0015
Apr ’24HK$48.10
HK$64.24
+33.6%
7.1%HK$71.96HK$56.43HK$26.6014
Mar ’24n/a
HK$62.90
0%
10.4%HK$71.73HK$52.58HK$27.7015
Feb ’24n/a
HK$64.11
0%
10.9%HK$76.02HK$53.14HK$27.0515
Jan ’24n/a
HK$61.83
0%
11.1%HK$74.55HK$52.11HK$28.8015
Dec ’23n/a
HK$59.08
0%
11.6%HK$71.86HK$48.71HK$29.3516
Nov ’23n/a
HK$59.74
0%
11.6%HK$72.09HK$48.87HK$30.0518

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

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