Shimao Services Holdings Limited

SZSC:873 Stock Report

Market Cap: HK$2.2b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Shimao Services Holdings Valuation

Is 873 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 873 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
HK$9.34
Fair Value
90.3% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: 873 (HK$0.91) is trading below our estimate of fair value (HK$9.34)

Significantly Below Fair Value: 873 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 873?

Key metric: As 873 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 873. This is calculated by dividing 873's market cap by their current revenue.
What is 873's PS Ratio?
PS Ratio0.2x
SalesCN¥8.47b
Market CapCN¥2.07b

Price to Sales Ratio vs Peers

How does 873's PS Ratio compare to its peers?

The above table shows the PS ratio for 873 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
816 Jinmao Property Services
0.8x16.8%HK$2.4b
1755 S-Enjoy Service Group
0.4x5.9%HK$2.6b
3658 New Hope Service Holdings
1.1x12.0%HK$1.6b
1270 Langham Hospitality Investments
4x2.0%HK$1.6b
873 Shimao Services Holdings
0.2x6.7%HK$2.2b

Price-To-Sales vs Peers: 873 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does 873's PS Ratio compare vs other companies in the HK Real Estate Industry?

91 CompaniesPrice / SalesEstimated GrowthMarket Cap
1908 C&D International Investment Group
0.2x1.7%US$3.71b
3900 Greentown China Holdings
0.2x-0.5%US$3.06b
1918 Sunac China Holdings
0.1x-14.2%US$2.30b
1030 Seazen Group
0.1x-21.9%US$1.74b
873 0.2xIndustry Avg. 0.6xNo. of Companies91PS00.81.62.43.24+
91 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 873 is good value based on its Price-To-Sales Ratio (0.2x) compared to the Hong Kong Real Estate industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 873'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.

873 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: 873 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

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 873 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Feb ’26n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Jan ’26n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Dec ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Nov ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Oct ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Sep ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Aug ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Jul ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Jun ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
May ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Apr ’25n/a
HK$1.10
0%
18.6%HK$1.42HK$0.81n/a5
Mar ’25HK$1.08
HK$1.10
+2.2%
18.6%HK$1.42HK$0.81n/a5
Feb ’25HK$0.89
HK$1.23
+38.6%
23.4%HK$1.65HK$0.81n/a5
Jan ’25HK$1.19
HK$1.41
+18.4%
22.0%HK$1.66HK$0.81n/a5
Dec ’24HK$1.22
HK$1.38
+13.5%
21.4%HK$1.63HK$0.81n/a5
Nov ’24HK$1.21
HK$1.38
+13.7%
21.1%HK$1.59HK$0.81n/a5
Oct ’24HK$1.32
HK$1.44
+9.3%
23.1%HK$1.89HK$0.81n/a6
Sep ’24HK$1.53
HK$1.80
+17.9%
21.6%HK$2.37HK$1.29n/a7
Aug ’24HK$1.69
HK$1.79
+5.7%
21.4%HK$2.27HK$1.24n/a7
Jul ’24HK$1.55
HK$1.81
+16.6%
21.4%HK$2.29HK$1.25n/a7
Jun ’24HK$1.47
HK$1.99
+35.4%
27.7%HK$2.94HK$1.27n/a7
May ’24HK$1.93
HK$2.18
+12.7%
29.9%HK$3.19HK$1.29n/a8
Apr ’24HK$1.97
HK$2.27
+15.4%
31.9%HK$3.20HK$1.06n/a8
Mar ’24HK$2.42
HK$2.24
-7.3%
30.8%HK$3.21HK$1.06HK$1.089
Feb ’24HK$2.94
HK$2.30
-21.8%
30.1%HK$3.24HK$1.08HK$0.899
Analyst Price Target
Consensus Narrative from 5 Analysts
HK$1.10
Fair Value
17.5% undervalued intrinsic discount
5
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/04 21:24
End of Day Share Price 2024/03/04 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shimao Services Holdings Limited is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eric DuBofA Global Research
Wai Mo ChengCGS International
Leslie VandegriftCGS International