How does 26's PB Ratio compare to its peers?

26 is expensive based on its Price-To-Book Ratio (0.3x) compared to the peer average (0.2x).

How does 26's PB Ratio compare vs other companies in the HK Real Estate Industry?

26 is expensive based on its Price-To-Book Ratio (0.3x) compared to the Hong Kong Real Estate industry average (0.2x).

What is 26's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate 26's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of 26 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

26 (HK$50.8) is trading above our estimate of [[fair value]] (HK$14.45)

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

Insufficient data to show price forecast.

26 Stock Overview

Engages in the property development and investment activities in Hong Kong and the United Kingdom. More details

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

Risk Analysis

Makes less than USD$1m in revenue (HK$-276M)

Dividend of 6.3% is not well covered by earnings or free cash flows

Earnings have declined by 83.6% per year over past 5 years

My Notes

Capture your thoughts, links and company narrative

China Motor Bus Company, Limited Competitors

Chinese Estates Holdings

SEHK:127

HK$2.3b

Wing Tai Properties

SEHK:369

HK$2.6b

Tai Cheung Holdings

SEHK:88

HK$1.8b

Shun Tak Holdings

SEHK:242

HK$2.0b

Price History & Performance

Summary of share price highs, lows and changes for China Motor Bus Company
Historical stock prices
Current Share Price	HK$50.80
52 Week High	HK$61.00
52 Week Low	HK$48.80
Beta	0.078
1 Month Change	2.01%
3 Month Change	-2.31%
1 Year Change	-14.19%
3 Year Change	-46.53%
5 Year Change	-57.45%
Change since IPO	75.17%

China Motor Bus Company (HKG:26) Will Pay A Dividend Of HK$1.80

Oct 18

Recent updates

China Motor Bus Company (HKG:26) Has Gifted Shareholders With A Fantastic 132% Total Return On Their Investment

Mar 15

What Is The Ownership Structure Like For China Motor Bus Company, Limited (HKG:26)?

Feb 03

Trade Alert: The Executive Director Of China Motor Bus Company, Limited (HKG:26), Michael John Moir, Has Just Spent HK$138k Buying 233% More Shares

Jan 08

Should You Use China Motor Bus Company's (HKG:26) Statutory Earnings To Analyse It?

Dec 31

Executive Director Michael John Moir Just Bought A Handful Of Shares In China Motor Bus Company, Limited (HKG:26)

Dec 05

Shareholder Returns

	26	HK Real Estate	HK Market
7D	-0.3%	0.6%	1.1%
1Y	-14.2%	-12.4%	17.6%

Return vs Industry: 26 underperformed the Hong Kong Real Estate industry which returned -12% over the past year.

Return vs Market: 26 underperformed the Hong Kong Market which returned 17.6% over the past year.

Price Volatility

Is 26's price volatile compared to industry and market?
26 volatility
26 Average Weekly Movement	2.0%
Real Estate Industry Average Movement	9.1%
Market Average Movement	8.5%
10% most volatile stocks in HK Market	17.8%
10% least volatile stocks in HK Market	3.9%

Stable Share Price: 26 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 26's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1933	17	Jacky Yung	www.chinamotorbus.com.hk

China Motor Bus Company, Limited, together with its subsidiaries, engages in the property development and investment activities in Hong Kong and the United Kingdom. The company operates through Property Development and Investment, and Treasury Management segments. It is also involved in the development, construction, sale, and marketing of the retail, office, and apartment properties; and manages investments, financial assets, and other treasury operations.

China Motor Bus Company, Limited Fundamentals Summary

How do China Motor Bus Company's earnings and revenue compare to its market cap?
26 fundamental statistics
Market cap	HK$2.30b
Earnings (TTM)	-HK$262.22m
Revenue (TTM)	n/a

-8.3x

P/S Ratio

-8.8x

P/E Ratio

Is 26 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
26 income statement (TTM)
Revenue	-HK$275.83m
Cost of Revenue	HK$0
Gross Profit	-HK$275.83m
Other Expenses	-HK$13.61m
Earnings	-HK$262.22m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-5.80
Gross Margin	100.00%
Net Profit Margin	95.07%
Debt/Equity Ratio	0%

How did 26 perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

-9%

Payout Ratio

Does 26 pay a reliable dividends?

See 26 dividend history and benchmarks

When do you need to buy 26 by to receive an upcoming dividend?
China Motor Bus Company dividend dates
Ex Dividend Date	Jan 14 2025
Dividend Pay Date	Feb 07 2025
Days until Ex dividend	14 days
Days until Dividend pay date	38 days

Does 26 pay a reliable dividends?

See 26 dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 04:39
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

China Motor Bus Company, Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

26 Stock Overview

Risk Analysis

China Motor Bus Company, Limited Competitors

SEHK:127

HK$2.3b

SEHK:369

HK$2.6b

SEHK:88

HK$1.8b

SEHK:242

HK$2.0b

Price History & Performance

Recent News & Updates

Independent Non-Executive Director recently bought HK$509k worth of stock

Independent Non-Executive Director recently bought HK$532k worth of stock

New major risk - Revenue size

China Motor Bus Company (HKG:26) Will Pay A Dividend Of HK$1.80

Fourth quarter dividend of HK$1.80 announced

Independent Non-Executive Director recently bought HK$523k worth of stock

Recent updates

Independent Non-Executive Director recently bought HK$509k worth of stock

Independent Non-Executive Director recently bought HK$532k worth of stock

New major risk - Revenue size

China Motor Bus Company (HKG:26) Will Pay A Dividend Of HK$1.80

Fourth quarter dividend of HK$1.80 announced

Independent Non-Executive Director recently bought HK$523k worth of stock

Fourth quarter dividend of HK$1.80 announced

China Motor Bus Company's (HKG:26) Dividend Will Be HK$0.30

Full year 2024 earnings released: HK$5.79 loss per share (vs HK$3.43 loss in FY 2023)

China Motor Bus Company, Limited, Annual General Meeting, Dec 04, 2024

Upcoming dividend of HK$0.30 per share

China Motor Bus Company, Limited to Report Fiscal Year 2024 Results on Sep 27, 2024

High number of new directors

China Motor Bus Company (HKG:26) Has Affirmed Its Dividend Of HK$0.30

Dividend of HK$0.30 announced

China Motor Bus Company, Limited Announces Board and Committee Changes

Upcoming dividend of HK$1.10 per share

China Motor Bus Company (HKG:26) Has Announced A Dividend Of HK$1.10

First half 2024 earnings released: HK$3.56 loss per share (vs HK$2.89 loss in 1H 2023)

Dividend of HK$1.10 announced

China Motor Bus Company, Limited Announces First Interim Special Dividend for the Period Ended 31 December 2023, Payable on 25 June 2024

China Motor Bus Company, Limited to Report First Half, 2024 Results on Feb 28, 2024

Upcoming dividend of HK$1.80 per share at 5.4% yield

China Motor Bus Company (HKG:26) Has Announced A Dividend Of HK$1.80

China Motor Bus Company (HKG:26) Is Paying Out A Dividend Of HK$1.80

China Motor Bus Company, Limited, Annual General Meeting, Dec 04, 2023

China Motor Bus Company (HKG:26) Is Due To Pay A Dividend Of HK$1.80

China Motor Bus Company, Limited Proposes Final Dividend for the Financial Year End 30 June 2023, Payable 09 February 2024

Full year 2023 earnings released: HK$3.43 loss per share (vs HK$1.60 profit in FY 2022)

Upcoming dividend of HK$0.30 per share at 4.9% yield

China Motor Bus Company (HKG:26) Has Affirmed Its Dividend Of HK$0.30

China Motor Bus Company, Limited to Report Fiscal Year 2023 Results on Sep 29, 2023

New minor risk - Financial data availability

China Motor Bus Company (HKG:26) Has Affirmed Its Dividend Of HK$0.30

China Motor Bus Company (HKG:26) Is Paying Out A Dividend Of HK$0.30

China Motor Bus Company (HKG:26) Has Announced A Dividend Of HK$0.30

China Motor Bus Company, Limited Declares Second Interim Dividend for the Financial Year End 30 June 2023, Payable on 19 October 2023

Upcoming dividend of HK$1.10 per share at 4.5% yield

China Motor Bus Company (HKG:26) Will Pay A Dividend Of HK$1.10

China Motor Bus Company (HKG:26) Has Announced A Dividend Of HK$1.10

First half 2023 earnings released: HK$2.89 loss per share (vs HK$0.69 profit in 1H 2022)

China Motor Bus Company, Limited to Report First Half, 2023 Results on Feb 28, 2023

Upcoming dividend of HK$1.80 per share

China Motor Bus Company, Limited Announces Passing of Mr. Fritz Helmreich, Non-Executive Director

Full year 2022 earnings released: EPS: HK$1.60 (vs HK$0.40 loss in FY 2021)

China Motor Bus Company, Limited, Annual General Meeting, Dec 01, 2022

Upcoming dividend of HK$0.30 per share

China Motor Bus Company, Limited to Report Fiscal Year 2022 Final Results on Sep 29, 2022

China Motor Bus Company, Limited Announces Second Interim Dividend, Payment Date Is 20 October 2022

Upcoming dividend of HK$1.10 per share

Less than half of directors are independent

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

China Motor Bus Company, Limited Appoints Yung Shun Loy as Executive Director, Effective March 1, 2022

China Motor Bus Company, Limited Announces Establishment of Nomination Committee

China Motor Bus Company, Limited to Report First Half, 2022 Results on Feb 24, 2022

Upcoming dividend of HK$1.80 per share

Full year 2021 earnings released: HK$0.40 loss per share (vs HK$2.46 profit in FY 2020)

Upcoming dividend of HK$0.30 per share

Upcoming dividend of HK$1.10 per share