Yuexiu Real Estate Investment Trust

SEHK:405 Stock Report

Market Cap: HK$5.3b

Yuexiu Real Estate Investment Trust Valuation

Is 405 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-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 405 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 405 (HK$1.05) is trading above our estimate of fair value (HK$0.35)

Significantly Below Fair Value: 405 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 405?

Other financial metrics that can be useful for relative valuation.

405 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12x
Enterprise Value/EBITDA20.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 405's PS Ratio compare to its peers?

The above table shows the PS ratio for 405 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
87001 Hui Xian Real Estate Investment Trust
1.5xn/aCN¥3.6b
435 Sunlight Real Estate Investment Trust
3.9x-6.3%HK$3.3b
1503 China Merchants Commercial Real Estate Investment Trust
2.4xn/aHK$1.4b
778 Fortune Real Estate Investment Trust
4.8x-0.3%HK$8.3b
405 Yuexiu Real Estate Investment Trust
2.4x0.2%HK$5.3b

Price-To-Sales vs Peers: 405 is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (3.2x).


Price to Earnings Ratio vs Industry

How does 405's PE Ratio compare vs other companies in the Asian REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.2%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a3.2%
n/an/an/a
No more companies

Price-To-Sales vs Industry: 405 is good value based on its Price-To-Sales Ratio (2.4x) compared to the Asian REITs industry average (7.6x).


Price to Sales Ratio vs Fair Ratio

What is 405'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.

405 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.4x
Fair PS Ratio3.6x

Price-To-Sales vs Fair Ratio: 405 is good value based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (3.6x).


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 405 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$1.05
HK$1.36
+29.1%
20.3%HK$1.67HK$1.00n/a3
Oct ’25HK$1.18
HK$1.30
+9.8%
21.6%HK$1.70HK$1.00n/a4
Sep ’25HK$0.96
HK$1.28
+32.9%
21.2%HK$1.66HK$1.00n/a4
Aug ’25HK$0.99
HK$1.31
+32.5%
19.1%HK$1.67HK$1.05n/a4
Jul ’25HK$0.95
HK$1.31
+38.1%
19.1%HK$1.67HK$1.05n/a4
Jun ’25HK$0.98
HK$1.31
+33.9%
19.1%HK$1.67HK$1.05n/a4
May ’25HK$0.87
HK$1.31
+50.8%
19.1%HK$1.67HK$1.05n/a4
Apr ’25HK$1.01
HK$1.31
+29.9%
19.1%HK$1.67HK$1.05n/a4
Mar ’25HK$1.06
HK$1.47
+38.7%
11.3%HK$1.66HK$1.22n/a4
Feb ’25HK$1.06
HK$1.62
+52.8%
17.5%HK$2.02HK$1.22n/a4
Jan ’25HK$1.26
HK$1.64
+30.0%
17.6%HK$2.05HK$1.23n/a4
Dec ’24HK$1.23
HK$1.59
+29.4%
17.6%HK$1.99HK$1.20n/a4
Nov ’24HK$1.10
HK$1.59
+44.7%
17.6%HK$1.99HK$1.20HK$1.054
Oct ’24HK$1.32
HK$1.71
+29.8%
10.0%HK$2.00HK$1.55HK$1.184
Sep ’24HK$1.47
HK$1.71
+16.6%
10.0%HK$2.00HK$1.55HK$0.964
Aug ’24HK$1.58
HK$1.94
+23.0%
7.4%HK$2.04HK$1.70HK$0.994
Jul ’24HK$1.67
HK$2.21
+32.2%
10.0%HK$2.58HK$2.01HK$0.954
Jun ’24HK$1.82
HK$2.21
+21.3%
10.0%HK$2.58HK$2.01HK$0.984
May ’24HK$2.06
HK$2.21
+7.2%
10.0%HK$2.58HK$2.01HK$0.874
Apr ’24HK$2.00
HK$2.21
+10.4%
10.0%HK$2.58HK$2.01HK$1.014
Mar ’24HK$2.51
HK$2.67
+6.4%
26.8%HK$3.42HK$1.56HK$1.064
Feb ’24HK$2.61
HK$2.65
+1.4%
25.4%HK$3.36HK$1.62HK$1.064
Jan ’24HK$1.97
HK$3.15
+59.8%
36.4%HK$4.79HK$1.56HK$1.264
Dec ’23HK$1.83
HK$3.15
+72.1%
36.4%HK$4.79HK$1.56HK$1.234
Nov ’23HK$1.41
HK$3.15
+123.3%
36.4%HK$4.79HK$1.56HK$1.104

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.


Discover undervalued companies