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6049

Poly Property Services SEHK:6049 Stock Report

Last Price

HK$40.40

Market Cap

HK$22.4b

7D

-4.9%

1Y

-13.7%

Updated

10 Aug, 2022

Data

Company Financials +
6049 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends0/6

6049 Stock Overview

Poly Property Services Co., Ltd., together with its subsidiaries, provides property management services in the People’s Republic of China.

Poly Property Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Poly Property Services
Historical stock prices
Current Share PriceHK$40.40
52 Week HighHK$65.90
52 Week LowHK$38.10
Beta0.017
1 Month Change-18.14%
3 Month Change-17.80%
1 Year Change-13.68%
3 Year Changen/a
5 Year Changen/a
Change since IPO-10.92%

Recent News & Updates

Apr 29
An Intrinsic Calculation For Poly Property Services Co., Ltd. (HKG:6049) Suggests It's 42% Undervalued

An Intrinsic Calculation For Poly Property Services Co., Ltd. (HKG:6049) Suggests It's 42% Undervalued

Does the April share price for Poly Property Services Co., Ltd. ( HKG:6049 ) reflect what it's really worth? Today, we...

Shareholder Returns

6049HK Real EstateHK Market
7D-4.9%2.0%1.5%
1Y-13.7%-36.2%-22.7%

Return vs Industry: 6049 exceeded the Hong Kong Real Estate industry which returned -36.2% over the past year.

Return vs Market: 6049 exceeded the Hong Kong Market which returned -22.7% over the past year.

Price Volatility

Is 6049's price volatile compared to industry and market?
6049 volatility
6049 Average Weekly Movement4.8%
Real Estate Industry Average Movement5.8%
Market Average Movement6.6%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 6049 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 6049's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199644,415Lanyu Wuhttps://www.polywuye.com

Poly Property Services Co., Ltd., together with its subsidiaries, provides property management services in the People’s Republic of China. The company offers services for residential communities, commercial and office buildings, and public and other properties under the Harmony Courtyard, Oriental Courtesy, Nebula Ecology, and Towns Revitalisation brands. It also provides community and value-added services to non-property owners, such as pre-delivery services to property developers for assisting in property sales and marketing activities at property sales venues and display units, which primarily include visitor reception, cleaning, and security inspection and maintenance, as well as other value-added services to nonproperty owners, such as consultancy, inspection, delivery, and asset operation services.

Poly Property Services Fundamentals Summary

How do Poly Property Services's earnings and revenue compare to its market cap?
6049 fundamental statistics
Market CapCN¥19.23b
Earnings (TTM)CN¥845.69m
Revenue (TTM)CN¥10.78b

22.7x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6049 income statement (TTM)
RevenueCN¥10.78b
Cost of RevenueCN¥8.77b
Gross ProfitCN¥2.01b
Other ExpensesCN¥1.17b
EarningsCN¥845.69m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 29, 2022

Earnings per share (EPS)1.53
Gross Margin18.68%
Net Profit Margin7.84%
Debt/Equity Ratio0%

How did 6049 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

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

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

6049 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/Revenue1.1x
Enterprise Value/EBITDA10.7x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

6049 PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.9x
2869 Greentown Service Group
21.2x19.1%HK$20.9b
1528 Red Star Macalline Group
5.3x20.5%HK$23.2b
10 Hang Lung Group
7.3xn/aHK$18.5b
14 Hysan Development
17.9x16.1%HK$24.7b
6049 Poly Property Services
22.7x19.3%HK$22.4b

Price-To-Earnings vs Peers: 6049 is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the peer average (12.9x).


Price to Earnings Ratio vs Industry

How does 6049's PE Ratio compare vs other companies in the HK Real Estate Industry?

Price-To-Earnings vs Industry: 6049 is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the Hong Kong Real Estate industry average (5.6x)


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 Ratio22.7x
Fair PE Ratio6.8x

Price-To-Earnings vs Fair Ratio: 6049 is expensive based on its Price-To-Earnings Ratio (22.7x) compared to the estimated Fair Price-To-Earnings Ratio (6.8x).


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$40.4) is trading below our estimate of fair value (HK$93.05)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Poly Property Services forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6049's forecast earnings growth (19.3% per year) is above the savings rate (1.6%).

Earnings vs Market: 6049's earnings (19.3% per year) are forecast to grow faster than the Hong Kong market (16.7% per year).

High Growth Earnings: 6049's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6049's revenue (19.3% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 6049's revenue (19.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6049's Return on Equity is forecast to be low in 3 years time (17.2%).


Discover growth companies

Past Performance

How has Poly Property Services performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6049 has high quality earnings.

Growing Profit Margin: 6049's current net profit margins (7.8%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 6049's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: 6049's earnings growth over the past year (25.6%) is below its 5-year average (31.7% per year).

Earnings vs Industry: 6049 earnings growth over the past year (25.6%) exceeded the Real Estate industry 17%.


Return on Equity

High ROE: 6049's Return on Equity (12.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Poly Property Services's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6049's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥4.1B).

Long Term Liabilities: 6049's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥113.0M).


Debt to Equity History and Analysis

Debt Level: 6049 is debt free.

Reducing Debt: 6049 has not had any debt for past 5 years.

Debt Coverage: 6049 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6049 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Poly Property Services's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6049's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.82%).

High Dividend: 6049's dividend (0.88%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.35%).


Stability and Growth of Payments

Stable Dividend: 6049 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 6049 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 6049 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: 6049 is not paying a notable dividend for the Hong Kong market.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Lanyu Wu (42 yo)

no data

Tenure

Ms. Lanyu Wu has been Executive Director of Poly Property Services Co., Ltd. (formerly known as Poly Property Development Co., Ltd.). since May 7, 2019 and serves as its General Manager.Ms. Wu joined Poly...


Leadership Team

Experienced Management: 6049's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: 6049's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Poly Property Services Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Poly Property Services Co., Ltd.
  • Ticker: 6049
  • Exchange: SEHK
  • Founded: 1996
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$22.355b
  • Shares outstanding: 553.33m
  • Website: https://www.polywuye.com

Number of Employees


Location

  • Poly Property Services Co., Ltd.
  • No. 688 Yue Jiang Zhong Road
  • Rooms 201-208
  • Guangzhou
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.