A-Living Smart City Services Co., Ltd.

SZSC:3319 Stock Report

Market Cap: HK$4.2b

A-Living Smart City Services Valuation

Is 3319 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 3319 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3319 (HK$2.99) is trading below our estimate of fair value (HK$15.84)

Significantly Below Fair Value: 3319 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3319?

Key metric: As 3319 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 3319. This is calculated by dividing 3319's market cap by their current revenue.
What is 3319's PS Ratio?
PS Ratio0.3x
SalesCN¥14.77b
Market CapCN¥3.95b

Price to Sales Ratio vs Peers

How does 3319's PS Ratio compare to its peers?

The above table shows the PS ratio for 3319 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
9666 Jinke Smart Services Group
0.8x5.6%HK$4.0b
410 SOHO China
2.1xn/aHK$3.8b
1516 Sunac Services Holdings
0.7x6.5%HK$5.4b
1995 Ever Sunshine Services Group
0.5x7.8%HK$3.6b
3319 A-Living Smart City Services
0.3x2.4%HK$4.2b

Price-To-Sales vs Peers: 3319 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does 3319's PS Ratio compare vs other companies in the HK Real Estate Industry?

90 CompaniesPrice / SalesEstimated GrowthMarket Cap
1908 C&D International Investment Group
0.2x3.1%US$3.37b
3900 Greentown China Holdings
0.2x-0.4%US$3.02b
1918 Sunac China Holdings
0.2x-14.2%US$2.80b
817 China Jinmao Holdings Group
0.2x-1.0%US$1.82b
3319 0.3xIndustry Avg. 0.6xNo. of Companies90PS00.81.62.43.24+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 3319 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Hong Kong Real Estate industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 3319'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.

3319 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: 3319 is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 3319 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$2.99
HK$2.92
-2.3%
20.8%HK$3.65HK$1.84n/a9
Nov ’25HK$3.19
HK$2.92
-8.4%
20.8%HK$3.65HK$1.84n/a9
Oct ’25HK$3.47
HK$2.95
-15.0%
21.9%HK$3.71HK$1.87n/a8
Sep ’25HK$2.55
HK$2.93
+14.7%
18.1%HK$3.66HK$1.99n/a10
Aug ’25HK$2.67
HK$3.09
+15.9%
16.9%HK$3.70HK$1.95n/a10
Jul ’25HK$2.80
HK$3.13
+11.9%
16.6%HK$3.69HK$1.94n/a10
Jun ’25HK$3.11
HK$3.13
+0.7%
16.6%HK$3.69HK$1.94n/a10
May ’25HK$3.00
HK$3.11
+3.6%
16.2%HK$3.70HK$1.95n/a10
Apr ’25HK$3.07
HK$3.88
+26.2%
35.6%HK$7.20HK$2.79n/a11
Mar ’25HK$4.02
HK$4.70
+17.0%
31.7%HK$7.22HK$3.00n/a11
Feb ’25HK$3.03
HK$5.16
+70.1%
42.8%HK$10.99HK$3.01n/a11
Jan ’25HK$3.58
HK$5.84
+63.1%
32.8%HK$11.09HK$3.04n/a12
Dec ’24HK$3.73
HK$5.86
+57.0%
29.1%HK$10.79HK$4.10n/a12
Nov ’24HK$3.66
HK$5.86
+60.0%
29.1%HK$10.79HK$4.10HK$3.1912
Oct ’24HK$4.42
HK$6.16
+39.4%
24.2%HK$10.82HK$4.50HK$3.4713
Sep ’24HK$5.00
HK$6.30
+25.9%
22.7%HK$10.90HK$4.46HK$2.5514
Aug ’24HK$5.23
HK$7.10
+35.7%
30.0%HK$12.02HK$4.50HK$2.6714
Jul ’24HK$5.04
HK$7.43
+47.4%
25.7%HK$12.08HK$5.36HK$2.8014
Jun ’24HK$4.90
HK$7.99
+63.1%
25.2%HK$12.21HK$5.83HK$3.1114
May ’24HK$6.27
HK$8.21
+30.9%
24.9%HK$12.58HK$6.01HK$3.0014
Apr ’24HK$6.81
HK$9.09
+33.4%
26.9%HK$13.30HK$6.44HK$3.0714
Mar ’24HK$8.78
HK$12.29
+40.0%
46.7%HK$31.12HK$6.44HK$4.0215
Feb ’24HK$9.90
HK$12.68
+28.1%
46.3%HK$31.45HK$6.51HK$3.0315
Jan ’24HK$9.41
HK$12.14
+29.0%
49.4%HK$30.84HK$6.43HK$3.5815
Dec ’23HK$9.42
HK$12.00
+27.4%
50.4%HK$30.02HK$6.26HK$3.7316
Nov ’23HK$4.75
HK$11.09
+133.5%
52.8%HK$29.41HK$6.13HK$3.6616

Analyst Forecast: Target price is lower than the current share price.

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